TD Cowen Lifts PT on Oracle Corporation (ORCL) to $325 From $275

Oracle Corporation (NYSE:ORCL) is one of the top most profitable NYSE stocks to buy now. On August 6, TD Cowen raised the firm’s price target on Oracle Corporation (NYSE:ORCL) to $325 from $275, keeping a Buy rating on the shares.

Oracle’s (ORCL) Strategic Innovation Boosts its Dividend Appeal

A team of IT professionals meticulously crafting a large-scale enterprise performance management system.

The firm told investors that it updated its model after a July 22 OpenAI blog that reflected the advancement of Stargate with an expanded 4.5GW DC partnership with Oracle.

This raises the probability of blue sky scenarios that the firm discussed previously, supporting the optimistic rating for Oracle Corporation (NYSE:ORCL).

Oracle Corporation (NYSE:ORCL) provides products and services addressing aspects of corporate IT environments, including applications and infrastructure technologies. The company’s operations are divided into the following business segments: Cloud and License, Hardware, and Services.

While we acknowledge the potential of ORCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ORCL and that has 100x upside potential, check out our report about this cheapest AI stock.

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