By @proactive_x
Publication Date: 2026-04-24 12:34:00
Oracle Corp (NYSE:ORCL, XETRA:ORC) was given an “Outperform” rating by Wedbush in its first coverage of the company, with analysts expressing expectations that the company is entering a major expansion phase driven by demand for artificial intelligence infrastructure.
Shares of Oracle are currently trading around $170, putting the new target about 30% above recent levels.
Wedbush described Oracle as being in the early stages of a “backlog-driven AI expansion cycle” and argued that the company is increasingly positioned as a key infrastructure provider for AI workloads.
The company highlighted Oracle’s cloud business, particularly Oracle Cloud Infrastructure (OCI), as a key driver for future growth due to its architecture, which it said has been optimized for high-performance, low-latency computing required for training large-scale AI models.
The report also noted Oracle’s growing focus on integrating artificial intelligence into enterprise data…
