30 Most Fantastic Stocks Every Investor Should Pay Attention To

10. Oracle Corporation (NYSE:ORCL)

Market Cap: $673.2 Billion

Number of Hedge Fund Holders: 124

Oracle Corporation (NYSE:ORCL) is among the most fantastic stocks every investor should pay attention to. On November 11, Mizuho analyst Siti Panigrahi reaffirmed his Outperform rating on the stock with a $400 price target. His update came after some weakness was seen in Oracle’s shares following CoreWeave Inc.’s (NASDAQ:CRWV) disappointing Q3 earnings report, after which the latter’s shares tanked around 16%. The analyst called the weakness in Oracle shares “largely unwarranted”.

According to Panigrahi, CoreWeave’s weaker results were due to a temporary supply-chain delay involving a third-party data center developer, not from any operational issue linked to Oracle. He thus believes that the challenges in CoreWeave’s results were company-specific and unrelated to Oracle’s business performance.

On the positive side, the analyst noted that Oracle’s data center expansion in Abilene, Texas, remains on schedule and that the company is “well-positioned to exceed expectations.” He also cited several catalysts from CoreWeave’s update that support Oracle Corporation (NYSE:ORCL).

First among them was that CoreWeave’s backlog increased 85% year-over-year to $56 billion, indicating the potential expansion of Oracle’s remaining performance obligations (RPO). Additionally, the analyst highlighted sustained pricing strength in GPU contracts, noting that CoreWeave’s first major H100 contract was renewed at roughly the same level, suggesting “durability in pricing.”

Before Panigrahi, Bank of America Securities analyst Justin Post had also maintained his Buy rating on the stock with an unchanged price target of $368.

The stock has rallied 42% year-to-date and now commands a market capitalization of $673 billion. Despite the robust performance, the consensus remains a strong Buy with a potential upside of 54%, underpinning its strong investment case.

Oracle Corp. (NYSE:ORCL) offers an extensive suite of database and cloud computing software and hardware. The Company offers databases and relational servers, application development and decision support tools, as well as enterprise business applications.