William Blair analyst Sebastien Naji has maintained their bullish stance on ORCL stock, giving a Buy rating yesterday.
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Sebastien Naji has given his Buy rating due to a combination of factors that highlight Oracle’s strong position in the database market despite a decline in market share. Oracle maintains a significant presence with its Oracle and MySQL offerings, and its database business remains resilient with a loyal customer base and high recognition among developers. The company has enhanced its growth potential through innovations such as the Autonomous Database, multicloud deployment options, and AI-focused features, which are expected to bolster its market position.
Furthermore, while competitors like Postgres are gaining traction, Oracle’s database growth is poised to improve from its historical average, supporting the company’s ambitious revenue growth targets. Oracle’s multicloud database revenue is experiencing substantial growth, and the demand for its OCI services is robust, with new agreements anticipated to significantly boost annual revenue. The stock’s current valuation presents a favorable risk-reward scenario as Oracle capitalizes on its strong AI infrastructure and database capabilities.
According to TipRanks, Naji is a 4-star analyst with an average return of 21.6% and a 100.00% success rate. Naji covers the Technology sector, focusing on stocks such as Oracle, Nvidia, and Marvell.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $250.00 price target.