How Oracle Stock Rises To $300

Can Oracle (NYSE: ORCL) stock reach $300 in the coming years? We think there is a real possibility. How? Consider this: just about a year ago, Oracle stock was trading at $135, surged to 52-week high levels of $346, and currently trades at $156 per share after correcting from higher levels. Looking at the valuations, Oracle’s valuation is 21.6x based on trailing earnings and 20.9x estimated forward earnings. Is this pricey? Not really, considering the company is converting its backlog into reven