Oracle (ORCL) Price Target Lifted to $380 at UBS; Firm Calls Stock ‘Too Cheap’

Oracle Corporation (NYSE:ORCL) is one of the AI Stocks in the Spotlight This WeekOn October 17, UBS reiterated the stock as “Buy” and raised its price target to $380 per share from $360. The firm believes that the stock is “too cheap.”

“Just 5 weeks after providing FY30 revs guide and backlog metrics that were far above Street estimates, Oracle raised them again at its Investor Day, taking its FY30 cloud infra/OCI [Oracle Cloud Infrastructure] revs guide up by another $22b to $166b, disclosing that its deal backlog went to $500b+ and setting FY30 guide that was well above our estimates”

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.

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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