Oracle (ORCL) Price Target Lowered on Revenue Conversion Concerns

Oracle Corporation (NYSE:ORCL) ranks among the best rebound stocks to buy right now. On March 13, Argus reduced its price target for Oracle Corporation (NYSE:ORCL) to $225 from $384 while retaining a Buy rating on the company’s shares. Analyst Joseph Bonner expressed concerns about whether the company’s backlog improvements will translate into actual revenue.

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Oracle Corporation (NYSE:ORCL) exceeded earnings estimates and improved its forecast in the fiscal third quarter of 2026, reporting revenue of $17.2 billion, above the consensus estimate of $16.9 billion. Notably, Oracle’s Infrastructure as a Service revenue rose 84% year-over-year to $4.9 billion, exceeding the street’s expectation of $4.7 billion.

As Oracle Corporation (NYSE:ORCL) chases enterprise cloud transformation prospects, cloud revenue has emerged as its key growth driver. Management voiced confidence in the long-term demand for its cloud infrastructure services, database products, and applications.

Oracle Corporation (NYSE:ORCL) offers an extensive suite of database and cloud computing software and hardware. The Company offers databases and relational servers, application development and decision-support tools, and enterprise business applications.

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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