DA Davidson Lifts Oracle Corporation (ORCL) Price Target on $30 Billion Cloud Deal

Oracle Corporation (NYSE:ORCL) is among the 11 best places to invest money without risk. Analysts at DA Davidson have raised their price target for Oracle Corporation (NYSE:ORCL) to $220 from $170 while keeping a Neutral rating on the stock. This price surge follows Oracle’s 8-K filing on Monday, which unveiled the company’s cloud service agreement worth more than $30 billion scheduled for FY28.

Gil Luria, an analyst at DA Davidson, noted that the collaboration represents a strategic deal for Oracle Corporation (NYSE:ORCL) as it expands into its cloud infrastructure segment. On top of that, OpenAI is all set to lease 4.5 gigawatts of data center capacity from the company for the Stargate Project.

Oracle Corporation (ORCL): People Are Buying For Something They Shouldn't Be, Says Jim Cramer

A team of IT professionals meticulously crafting a large-scale enterprise performance management system.

The company’s position in this project underpins BNP Paribas Exane’s belief that hyperscalers continue to be the best way for investors to capitalize on the growing demand for AI. All these initiatives place Oracle Corporation (NYSE:ORCL) in a favorable position and as the one to lead the market soon.

Oracle Corporation (NYSE:ORCL) is a Texas-based enterprise that engages in solutions to address enterprise information technology environments globally. Founded in 1977, the company offers Oracle cloud software, cloud-based industry solutions, and cloud and license business infrastructure technologies, among others.

While we acknowledge the potential of ORCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KR and that has 100x upside potential, check out our report about this cheapest AI stock.

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