TD Cowen Lifts PT on Oracle Corporation (ORCL) to $325 From $275

Oracle Corporation (NYSE:ORCL) is one of the top most profitable NYSE stocks to buy now. On August 6, TD Cowen raised the firm’s price target on Oracle Corporation (NYSE:ORCL) to $325 from $275, keeping a Buy rating on the shares.

The firm told investors that it updated its model after a July 22 OpenAI blog that reflected the advancement of Stargate with an expanded 4.5GW DC partnership with Oracle.

This raises the probability of blue sky scenarios that the firm discussed previously, supporting the optimistic rating for Oracle Corporation (NYSE:ORCL).

Oracle Corporation (NYSE:ORCL) provides products and services addressing aspects of corporate IT environments, including applications and infrastructure technologies. The company’s operations are divided into the following business segments: Cloud and License, Hardware, and Services.

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Disclosure: None. This article is originally published at Insider Monkey.