Jefferies has reaffirmed its buy rating on Oracle Corporation despite the halt in negotiations for a potential $10 billion deal with xAI. The analyst believes that Oracle’s strong performance will continue, driven by its robust sales pipeline and RPO growth. The company’s ability to meet its projected financial targets is seen as a key factor in Jefferies’ support for the stock.
Oracle’s recent certification of its AI platforms on OCI and the launch of HeatWave GenAI signal its commitment to enhancing AI capabilities. The company’s partnerships with OpenAI and Google Cloud are expected to further expand its cloud infrastructure offerings.
Analyst firms like BMO Capital Markets, Mizuho, and Deutsche Bank have adjusted their price targets for Oracle stock, reflecting the company’s strong performance in cloud infrastructure stocks. Oracle’s financial health, market position, and consistent dividend growth make it an attractive investment opportunity.
Investors are advised to stay tuned for Oracle’s upcoming financial results in the August quarter to gain further insight into the company’s progress towards its revenue and profit margin targets. For more in-depth analysis and investment tips on Oracle, InvestingPro offers a comprehensive overview and access to a full list of top stocks. Use the coupon code News 24 to get up to 10% off an annual Pro subscription for enhanced investment research.
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