TD Cowen Raises Oracle (ORCL) Price Target Following AI World Conference Highlights

Oracle Corporation (NYSE:ORCL) ranks among the stocks with the best earnings growth for the next 5 years. Following Oracle Corporation (NYSE:ORCL)’s AI World conference and Analyst Day in Las Vegas, TD Cowen maintained its Buy rating on the company and increased its price target from $375 to $400 on October 17.

The firm referenced Oracle’s revised view for its Oracle Cloud Infrastructure (OCI) business and its fiscal year 2030 revenue targets, which came in more than $25 billion higher than street predictions, while EPS guidance surpassed projections by more than $2.50.

TD Cowen observed that Oracle’s OCI AI margins of 30 to 40% were better than anticipated, indicating that the company’s AI operations are more profitable than initially thought.

Oracle Corporation (NYSE:ORCL) provides products and services that address enterprise information technology environments across the globe.

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