5 No-Brainer Dividend Stocks to Buy

1. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 115

On June 2, Scotiabank raised its price recommendation on Oracle Corporation (NYSE:ORCL) to $290 from $215. It reiterated an Outperform rating on the stock. The firm said it continues to favor Oracle’s structural position in the AI-accelerated cloud market. While the analyst expects the shares to remain “choppy” over the next few weeks, Scotiabank believes the stock’s risk-reward profile still leans to the upside.

Earlier, on May 13, Wedbush raised its price goal on Oracle to $275 from $225. It maintained an Outperform rating. The firm said its confidence increased following additional checks on Oracle’s position within the AI infrastructure landscape. Wedbush argued that the market continues to misunderstand the Oracle story. According to the firm, investors are placing too much focus on the near-term appearance of the company’s heavy, contract-backed capital spending cycle and not enough on the demand visibility supporting those investments.

The firm also said it has become more comfortable with Oracle’s relationship with OpenAI and is more constructive on the broader data center opportunity. In Wedbush’s view, concerns surrounding Oracle remain overdone, while the company is becoming increasingly well-positioned to emerge as a global AI winner.

Oracle Corporation (NYSE:ORCL) provides integrated application suites and secure, autonomous infrastructure through Oracle Cloud. The company operates through three business segments: cloud and license, hardware, and services.

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