Oracle (ORCL): HSBC Reaffirms Buy, Sets $382 PT Amid Strong Backlog and Data Center Strategy

Oracle Corporation (NYSE:ORCL) is one of the Buzzing AI Stocks on Wall Street. On November 26, HSBC maintained its Buy rating on the stock with a $382.00 price target. The rating affirmation reflects optimism in Oracle’s execution and backlog visibility, but flags the company’s flexibility in finding large-scale data center buildouts. According to the firm, Oracle hasn’t yet communicated its specific funding approach for building out infrastructure needs, even though there are plenty on the horizon. Howev ...