Oracle (ORCL) Price Target Reaffirmed at $350 as Analysts Stay Bullish
Oracle Corporation (NYSE:ORCL) is one of the Buzzing AI Stocks on Wall Street. On September 23, KeyBanc analyst Jackson Ader reiterated an Overweight rating and $350.00 price target on the stock. Analyzing Oracle’s cloud infrastructure business, the firm has estimated that the Infrastructure-as-a-Service segment currently operates at a 42.4% non-GAAP gross margin. However, it expects margins to decline as the business transitions towards GPU and AI-driven revenue. Despite adjustments to future projection ...