​Oracle Corporation (ORCL) Launches its AI Platform for Life Sciences Companies

​Oracle Corporation (NYSE:ORCL) is one of the Best Software Stocks to Buy According to Wall Street Analysts. On January 29, Oracle Corporation (NYSE:ORCL) launched its latest AI platform for life sciences companies. The platform helps companies to streamline drug development and research.

​Management noted that the platform tackles data fragmentation by integrating vast datasets and applying generative AI for faster insights. The tool targets pharmaceutical firms, medical device makers, researchers, and life sciences organizations as it helps these companies accelerate the R&D process and speed up clinical trials.

That said, earlier on January 27, Keith Weiss from Morgan Stanley reiterated a Hold rating on the stock and lowered the price target from $320 to $213. The firm highlighted in a research note that the market is underestimating the amount of investment required by Oracle Corporation (NYSE:ORCL) to fulfill its backlog. The firm noted that the company has grown its order backlog by $426 billion over the past 4 quarters, which takes the total backlog to $523 billion. The firm noted that this is a positive step as it provides visibility of the company’s further growth. However, the backlog also reflects the huge investment the company needs to fulfill the backlog, due to the capital-intensive nature of AI compute infrastructure.

Oracle Corporation (NYSE:ORCL) is a global technology company specializing in database software, cloud solutions, and enterprise software products. It provides businesses with tools for data management, analytics, and digital transformation.

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.

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