Is Oracle (ORCL) One of the Best S&P 500 Dividend Stocks to Buy Right Now?

Oracle Corporation (NYSE:ORCL) is included among the 10 Best S&P 500 Dividend Stocks to Buy Right Now.

On June 11, Scotiabank lowered its price recommendation on Oracle Corporation (NYSE:ORCL) to $241 from $290. It reiterated an Outperform rating on the shares. The firm said it continues to like Oracle’s “rock solid core software business” and believes the stock’s risk-reward profile remains tilted to the upside.

Also on June 11, RBC Capital maintained a Sector Perform rating on Oracle with a $190 price target following what it described as mixed fourth-quarter results. The company reported total revenue that came in above estimates, while Cloud revenue fell short of consensus expectations. Oracle Cloud Infrastructure (OCI) revenue grew 93% year over year, matching consensus forecasts. Management also noted that the Bring Your Own Hardware (BYOH) portion of Oracle’s large AI contracts has now reached $75B. According to RBC Capital, this should help reduce Oracle’s financing requirements.

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

While we acknowledge the risk and potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORCL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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