As previously reported, Scotiabank initiated coverage of Oracle (ORCL) with an Outperform rating and $300 price target While the firm sees Oracle transitioning into “a new paradigm” and reinventing itself as the Tier-1 independent AI infrastructure provider, it thinks many investors are taking a “see it to believe it” approach in GPU-as-a-service. However, the firm’s work points to “the white heat of the AI revolution” driving Oracle Cloud Infrastructure to grow faster than company guidance in FY26, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- OpenAI Teams Up with Google Cloud, then Targets Its Search Throne
- Oracle initiated with an Outperform at Scotiabank
- Mixed options sentiment in Oracle with shares up 0.89%
- Oracle finds new life in AI market, AI deals fill backlog, WSJ reports
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!