Oracle Corporation (NYSE:ORCL) is among the most promising growth stocks according to analysts. On January 11, Oracle Corporation (NYSE:ORCL) announced Oracle Retail Supply Chain Collaboration, facilitating retailers to easily navigate an otherwise complex supplier landscape to improve “operational oversight, efficiency, vendor coordination, and compliance to help protect margins and customer satisfaction.”
The solution will help mitigate supply chain risk by providing insights that enhance forecast accuracy and inform retailers of potential supply chain disruptions. As stated by Paul Woodward, global vice president, Oracle Retail Products,
“This solution gives retailers the AI-and data-driven visibility and intelligence needed to navigate complex supply chain and vendor relationships to help mitigate financial, operational, and reputational risks.”
Later, on January 12, Goldman Sachs upgraded Oracle Corporation to ‘Buy’ from ‘Neutral’ and kept an unchanged price target of $240. The analyst cited the company’s solid tech advantage in AI compute workloads and its potential to increase new cloud revenue contribution from less than 10% today to nearly 25% within three years.
Oracle Corporation is a Texas-based company that provides solutions for enterprise information technology environments. Incorporated in 1977, the company offers Oracle Cloud SaaS, cloud-based industry solutions, Oracle Cloud license and on-premise license, and Oracle license support services.
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