Oracle Analyst Turns Bullish On Stock Ahead Of Q4 Print On 'AI Narrative Tailwinds'
Portfolio Pulse from Shanthi Rexaline
Oracle Corp. (NYSE:ORCL) is set to release its Q4 results, and Wolfe Research analyst Alex Zukin has upgraded the stock from Peer Perform to Outperform with a price target of $130. Zukin expects accelerating growth from Oracle Cloud Infrastructure (OCI) adoption and AI tailwinds, with OCI potentially doubling its market share by 2025.
June 12, 2023 | 10:17 am
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NEUTRAL IMPACT
Oracle's investment in Cohere and plans to use it to sell LLMs is seen as a solid second option to Microsoft's OpenAI partnership, giving enterprise customers a real choice.
While the news primarily focuses on Oracle, it also mentions Microsoft's OpenAI partnership. Oracle's investment in Cohere and plans to use it to sell LLMs is seen as a solid second option for enterprise customers. This could potentially impact Microsoft's market share in the AI space, but the overall impact on Microsoft's stock price in the short term is likely to be neutral.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Oracle's Q4 results are expected to show growth from OCI adoption and AI tailwinds, with analyst Alex Zukin upgrading the stock to Outperform and setting a $130 price target.
The upgrade from Wolfe Research analyst Alex Zukin is based on the expected growth from Oracle Cloud Infrastructure (OCI) adoption and AI tailwinds. Zukin sees OCI doubling its market share by 2025, which would positively impact Oracle's stock price in the short term. The positive outlook and price target increase suggest a bullish sentiment for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100