11 Growth Stocks That Could Double by 2027

6. Oracle Corp (NYSE:ORCL)

EPS Growth this Year: 12.49%

Expected 5-Year EPS Growth: 18.04%

Number of Hedge Fund Holders: 97

Oracle Corp (NYSE:ORCL) is one of the growth stocks that could double by 2027. On July 10, Piper Sandler upgraded the stock to ‘Overweight’ and hiked the price target to $270 from $190. The adjustments are in response to significant shifts in CIO spending priorities owing to artificial intelligence.

According to Piper Sandler, a recent CIO Survey has affirmed a significant spending backdrop for AI infrastructure, which heightens risks to the broader application category. Consequently, Oracle remains well-positioned to benefit from the new trend.

“CIOs planning a material increase in OCI spending shot up to 27% from 18%, 15%, and 4% in previous surveys,” the analysts noted. They also cited growing enterprise demand, which could “add another layer of growth to the outsized OpenAI-Stargate opportunity.”

Oracle Corp (NYSE:ORCL) is a technology company that provides a wide range of products and services for enterprise software and cloud computing. It is best known for its database software, particularly the Oracle Database, and also offers a suite of cloud applications for various business functions.