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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Oracle Corporation (NYSE:ORCL) is one of the AI Stocks in Focus on Wall Street. On October 13, Barclays reiterated the stock as “Overweight” and raised its price target on the stock to $367 per share from $347. The firm is optimistic about the stock as we head into Financial Analyst Day, taking place on October 16th.
“Bullish Sentiment around Shares Heading into Financial Analyst Day (FAD) on 10/16.”
Investment bank Mizuho also reiterated the stock as “Outperform” on October 6th with a price target of $350. Similar to Barclays, it believes shares of Oracle have more room to run ahead of its financial analyst day on October 16th.
“We remain bullish on ORCL heading into the Financial Analyst Day, viewing it as a key catalyst to refocus attention on Oracle’s long-term AI growth story.”
Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.
While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks Every Investor Should Watch and 10 Trending AI Stocks on Wall Street
Disclosure: None.
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