5 Best S&P 500 Stocks to Buy Now According to Analysts

2. Oracle Corporation (NYSE:ORCL)

Upside Potential as of June 14: 34.42%

Oracle Corporation (NYSE:ORCL) is a global leader in AI, delivering the cloud infrastructure, data, and applications that organizations across the world trust to successfully achieve business outcomes at scale.

On June 11, DA Davidson boosted its price objective on Oracle Corporation (NYSE:ORCL) from $200 to $225, while keeping a ‘Buy’ rating on the shares. The implied target represents an upside of over 22% from the current levels.

The move comes after Oracle exceeded top and bottom line estimates in its Q4 report on June 10. Notably, the company’s cloud infrastructure revenue jumped 93% YoY to $5.8 billion, while its remaining performance obligation, including revenue that hasn’t been recognized, grew by 353% YoY and hit $638 billion on May 31.

Oracle Corporation (NYSE:ORCL) reaffirmed its prior revenue guidance of $90 billion for FY 2027. However, the company raised its adjusted earnings forecasts to $8.05 per share, marking a YoY growth of 18%. This is up from the projections of $8.01 per share in earnings and $88.9 billion in revenue by analysts. The cloud computing firm also remains confident in its long-term, financial targets, which include a plus 31% revenue CAGR and a plus 28% EPS CAGR through the fiscal year 2030.