10 AI Stocks on Wall Street’s Radar

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1.  Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 97

Oracle Corporation (NYSE:ORCL) is one of the 10 AI Stocks On Wall Street’s Radar. On August 15, Mizuho analyst Siti Panigrahi raised the price target on the stock to $300.00 (from $245.00) while maintaining an Outperform rating. Oracle is one of the top picks for Mizuho.

According to the firm, Oracle is evolving as a structural winner in artificial intelligence.  Moreover, Oracle Cloud’s “differentiated” architecture is seeing a surge in demand for AI training workloads, in turn driving a growth inflection.

The firm also believes that analyst day in October may serve as a major catalyst for a re-rating of Oracle shares.

“At the cusp of the enterprise AI revolution, we have increased confidence that Oracle is emerging as a structural AI winner. OCI’s differentiated architecture and surging demand for AI training workloads are driving a clear inflection in growth. With its end-to-end AI stack, spanning vertical and horizontal applications, mission-critical database technology, and infrastructure for AI training/inference, Oracle is well positioned to capture a disproportionate share of AI-driven enterprise spend over time, accelerating revenue growth (~27% 5-year CAGR) and operating income (~24% 5-year CAGR) through FY30E.”

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.

While we acknowledge the potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ORCL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks in the Spotlight Today and 10 AI Stocks Analysts Are Tracking Closely.

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