Oracle Corporation (NYSE: ORCL) is one of them AI is in stock on Wall Street radar. On September 10th, Canter Fitzgerald analyst Thomas Blakey raised his stock target to $400.00 (from $271.00) while maintaining an overweight rating.
The rising price target follows Oracle's booming AI-related agreements, which are driving huge growth in the cloud business. The company reported 359% year-on-year growth in its remaining performance obligation (RPO), an increase of $317 billion.
We also raised our Oracle Cloud Infrastructure (OCI) estimates with visibility and revenue guidance extended to 2030. The company sees a potential rise when comparing $317 billion with the FY26-30 outlook.
Overall, the company expects its stock to trade with long-term AI growth potential.
“The RPO surprised investors with a 359% increase in Y/Y and a $317 billion increase. AI's WHO signed a deal with Oracle during the quarter. As a result, Oracle has significantly increased its Visibility and OCI Reverue Guide to F30. In the dramatic shift estimate, we believe that the stock trades off its annual forecast, with a $400 PT of about 10.5x F28E EV/R (from 271 and 11.5x before the previous), proforma b/s, using a small premium for the recent multiple, and ensuring that it is guaranteed. Forecasts.”
Oracle Corporation (NYSE: ORCL) is a database management and cloud service provider.
Although we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer a greater reverse chance, pose a risk of decline. If you're looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.
Read next: 10 AI stocks in the spotlight for investors Wall Street radar has 10 AI stocks.
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