Is Oracle (ORCL) One of the Best Robinhood Stocks to Buy According to Billionaires?

Oracle Corporation (NYSE:ORCL) is included among the 10 Best Robinhood Stocks to Buy According to Billionaires.

On May 8, Arete analyst Adam Shepherd upgraded Oracle Corporation (NYSE:ORCL) to Buy from Neutral and set a $255 price target on the stock. The firm said supply constraints in graphics processing units are helping industry economics. It also noted that Oracle’s cost-cutting measures should at least support its earnings targets. According to Arete, Oracle’s momentum in generative AI suggests Wall Street’s current cloud estimates may still be too low.

Earlier, on April 28, Wedbush maintained an Outperform rating on Oracle with a $225 price target. The analyst Daniel Ives called the selloff in Oracle shares a “way overreaction” after a Wall Street Journal report said OpenAI had recently missed its own targets for new users and revenue. Wedbush said OpenAI continues to see “very high demand” from both consumer and enterprise customers and strongly pushed back against the idea that growth is slowing. The firm noted that Oracle’s $553B backlog largely includes a $300B cloud contract with OpenAI over the next five years. According to the analyst, that project alone is expected to contribute $30B in revenue.

Wedbush also said it remains highly confident in Oracle’s ability to complete its planned $50B capital raise. The firm believes concerns surrounding OpenAI have been overstated and said the company has enough capital to meet its compute capacity needs for at least the next three years.

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

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