In the past month, Oracle (ORCL) stock has experienced a significant decline, falling over 19% in that span. Despite that, Wall Street isn’t fully bullish yet, and remains mixed on the stock’s future. Recently, DA Davidson upgraded Oracle (ORCL) to Buy from Neutral with a price target of $180. The firm is increasingly positive on a “revamped” OpenAI and sees Oracle shares as more properly valued following a sharp sell-off.

“In the past, we had been very critical of Oracle and OpenAI, but believe the market is now more appropriately reflecting the risks involved, especially in this relationship,” DA Davidson analyst Gil Luria wrote in a note for clients. “Considering Oracle’s move from $345 intraday Sept. 11 to the current $143 and subsequent moves down in Nvidia and Microsoft tied to OpenAI concerns, we believe the market has overshot to the downside.” The analyst went on to maintain his price target of 180 for Oracle (ORCL) stock.

In addition to DA Davidson, Guggenheim, and Jefferies have also set high price targets at $400, indicating strong confidence in ORCL. The former believes that the company’s strategic positioning, financial discipline, and long-term growth present an investment opportunity. For the firm, Oracle remains the best opportunity in the software sector, competing with other tech stocks like Palantir and Microsoft.

The upgrade helped spark a stock climb of over 10% for ORCL shares, igniting positive momentum. However, some bearish sentiment remains. Concerns persist regarding the overall software market’s downturn and Oracle’s substantial debt as it aims to fund cloud growth. As a result, there are still some conservative forecasts around ORCL. Fortunately, the bulls far outweigh the bears, with most analysts forecasting Oracle stock to trade above $300.