11 Best 52-Week High Stocks to Buy Now

4. Oracle Corporation (NYSE:ORCL)

52 Week Range: $118.86-$251.60

Current Share Price as of July 24: $241.90

Year-to-date returns: 45.70%

Number of hedge fund holders: 97

Oracle Corporation (NYSE:ORCL) is one of the best 52-week high stocks to buy now. On July 18, analysts at Citizens’ JMP raised their price target for the stock to $315 from $240, while maintaining a ‘Market Perform’ rating. The research firm’s new price target reflects a price-to-earnings ratio of 40x multiple, compared to the initial 30x multiple.

Citizen JMP’s premium valuation affirms confidence in Oracle’s growth prospects, owing to its leading market position and accelerating growth trajectory. The company has been gaining ground in the enterprise software segment, as evidenced by an 8.4% revenue growth over the last 12 months. Analysts are projecting 17% growth for fiscal year 2026.

Analysts at UBS have already reiterated their bullish stance on Oracle, based on expectations that the company is well-positioned to benefit from artificial intelligence-driven growth. Analysts expect a potential collaboration with OpenAI to have a positive impact on Oracle’s revenue and operating margins by 2029.

Oracle Corporation (NYSE:ORCL) is a technology company known for its database software, cloud infrastructure, and enterprise software solutions. It offers cloud applications, infrastructure, and hardware systems, designed to help businesses manage and analyze data, streamline operations, and improve overall efficiency.