Jim Cramer Says “Oracle (ORCL) is the Linchpin”

We recently published 10 Stocks Jim Cramer Talked About.  Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer discussed recently.

Oracle Corporation (NYSE:ORCL) is another key player in the AI ecosystem that has lately been at the center of media and investor attention. Its shares are down by 7% over the past six months as debate surrounds its future orders. Recently, Citizens maintained its Market Outperform rating on Oracle Corporation (NYSE:ORCL) and kept a $342 share price target. The financial firm commented that the data center company has a stable present value for its contracts and added that Oracle Corporation (NYSE:ORCL) could comfortably finance its building activities at a cost below yield. However, after Oracle’s second fiscal quarter earnings report, RBC Capital cut the firm’s share price target to $250 from $310, as it commented that while cloud growth was a positive sign, high capital expenditures and negative free cash flows weren’t. Cramer also commented on Oracle Corporation (NYSE:ORCL)’s need for financing as he built on his earlier remarks, where he opined that shares could lose more value if the company does not rein in its spending and “gets disciplined”:

“I think that Oracle is the linchpin, not OpenAI. . .Oracle needs to raise more money.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.