TD Cowen Raises Oracle (ORCL) Price Target Following AI World Conference Highlights

Oracle Corporation (NYSE:ORCL) ranks among the stocks with the best earnings growth for the next 5 years. Following Oracle Corporation (NYSE:ORCL)’s AI World conference and Analyst Day in Las Vegas, TD Cowen maintained its Buy rating on the company and increased its price target from $375 to $400 on October 17.

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The firm referenced Oracle’s revised view for its Oracle Cloud Infrastructure (OCI) business and its fiscal year 2030 revenue targets, which came in more than $25 billion higher than street predictions, while EPS guidance surpassed projections by more than $2.50.

TD Cowen observed that Oracle’s OCI AI margins of 30 to 40% were better than anticipated, indicating that the company’s AI operations are more profitable than initially thought.

Oracle Corporation (NYSE:ORCL) provides products and services that address enterprise information technology environments across the globe.

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.