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 provides products and services that address enterprise information technology environments across the globe.

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This article is originally published at Insider Monkey.