Oracle Stock Upgrade On AI Surge, OpenAI Deal Seen Fueling Growth
Oracle Corp ORCL is poised to benefit from rising enterprise demand for AI infrastructure, according to Piper Sandler.The Oracle Analyst: Analyst Brent Bracelin upgraded the rating to Overweight, while raising the price target from 270.The Oracle Thesis: The bullish AI infrastructure spending backdrop could "add another layer of growth to the outsized OpenAI-Stargate opportunity," Bracelin said in the upgrade note.Check out other analyst stock ratings.The latest CIO survey indicates the emergence o ...