Oracle (ORCL) Stock in Focus After Analyst Highlights Bullish Industry Views, Including Trillion-Dollar Potential

Oracle Corporation (NYSE:ORCL) is one of the Trending AI Stocks on Wall Street. On August 20, Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating on the stock with a $315.00 price target.

The firm came away bullish on Oracle after collecting several positive data points from previous employees, CEOs, etc.

One of the previous employees cite Oracle doing “very well” with meaningful case studies leveraging their platforms well. A GPU reseller believes that Oracle has really found its place in the AI world, while another employee believes that Oracle has the potential to be the next trillion-dollar company.

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“We have collected eight positive data points on Oracle. First, the CEO of a private software company and previous Oracle employee commented, “As a company they are doing very well… human capital when I was there, we were the largest revenue stream of apps and I think that’s continued forward. I see a number of good case studies that are meaningful, that are leveraging their platforms well. All very operational.” Second, when we asked a Fortune 50 company if their spend on Oracle would be up, down, or flat, they commented up because “we are always buying more.” Third, the CEO of a cloud computing company commented, “the demand is definitely there… this year, the constraint is data center capacity. Two years ago, it was chips.” Fourth, a GPU reseller commented, “Oracle… really has found its niche in this AI world… they are setting up some really sophisticated environments where one could argue they have the best GPU clusters in the world now that can be a debate but they are in the conversation.” Fifth, at the Equinix analyst day on June 25, CEO Adaire Fox-Martin commented, “I don’t think we have a demand issue. It’s more a supply issue in terms of the capacity that’s available to us today to serve all of our customers as that would wish and want to be served… Nevertheless, it has been very clear to us that over the past period of time, the short period of time, two or so years, the customers ask of us what has changed. It’s changed in terms of density, and it’s also changed in terms of megawatt size and scale.” Sixth, a separate CEO of a private software company and previous Oracle employee commented, “They could be the next trillion-dollar company, it’s only a matter of time.” Seventh, an employee from a Neocloud company who had a prior relationship with Oracle commented, “Oracle’s amazing… they have built their cloud service that’s only for this 2.0 era and they aren’t worried about the 1.0 era that tangles AWS and Azure in this web.” Eighth, we note the company was granted a $30B award from OpenAI as a part of the Stargate project on June 30.”

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

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