Is Oracle the Best Long-Term Tech Stock To Buy?

Oracle Corporation (NYSE:ORCL) is one of the best long-term tech stocks to buy according to hedge funds. ORCL has an expected five-year forward EPS growth rate of almost 21%.

On April 25, Bloomberg reported that Oracle’s $16 billion financing package for a major data center in Michigan finally ended with months of negotiations. Bank of America took the lead, selling bonds worth $14 billion tied to the project. This development signals institutional demand for large-scale AI infrastructure debt, considering there is still space for AI infrastructural growth.

Is Oracle the Best Long-Term Tech Stock To Buy?

In another news on April 24, Daniel Ives from Wedbush initiated coverage on ORCL with an Outperform rating, setting the price target at $225. Ives has taken a bullish stance on Oracle’s long-term prospects as he believes that the firm is on course to become a foundational infrastructure provider for AI firms. The analyst pushed back against the market concerns regarding Oracle’s spending, pointing out that what seems like speculative risk is actually a disciplined, contract-backed investment cycle. Moreover, Oracle’s expertise in the cloud segment will be a key differentiator in managing AI workloads, added Ives.

Oracle Corporation (NYSE:ORCL) provides information technology-related products and services to enterprises through its main business segments: Cloud and License, Hardware, and Services. The company is based in Austin, Texas, and was founded in June 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates.

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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