Oracle Corporation (NYSE:ORCL) is one of the best growth stocks to invest in according to billionaires.
On March 13, Guggenheim reiterated its Buy rating on Oracle and kept its $400 price target, one of the highest targets on the Street. Analyst John DiFucci argued that Oracle’s recent quarter strengthened the case for the stock as a long-duration AI and cloud story, pointing in particular to the company’s $553 billion remaining performance obligations, which were up 325% year over year. He said the current spending cycle could set up a “free cash flow waterfall” in fiscal 2029 and 2030 once today’s infrastructure build-out starts converting into revenue at scale.
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The backdrop for that call was Oracle’s fiscal third-quarter report on March 10. The company posted $17.2 billion in revenue, up 22% year over year, while non-GAAP earnings per share rose to $1.79. Cloud revenue climbed 44% to $8.9 billion, and cloud infrastructure revenue jumped 84% to $4.9 billion. Oracle also raised its fiscal 2027 revenue target to more than $90 billion.
Oracle Corporation provides database software, cloud infrastructure, and enterprise applications. Its business spans cloud infrastructure, database platforms, and software products used by enterprises and governments worldwide.
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