Baird initiated coverage of Oracle (ORCL) with an Outperform rating and $365 price target The firm views Oracle as the “AI juggernaut for the information age.” The company is well positioned to benefit from the accelerating spend on artificial intelligence infrastructure as well as convergence of AI, data and use-cases that will emerge from the move from training to inference, the analyst tells investors in a research note. This “virtuous circle” can support a premium valuation for Oracle and move the shares higher, contends Baird.
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