Oracle's Price Target Raised to $220 on $30 Billion Cloud Deal

Oracle Corporation (NYSE:ORCL) is named one of the 11 best places to invest money without risk, with analysts raising the price target to $220 from $170. A cloud service agreement worth over $30 billion was unveiled for FY28, leading to a price surge. OpenAI to lease 4.5 gigawatts of data center capacity from Oracle for the Stargate Project.

The collaboration with OpenAI marks a strategic move for Oracle as it expands into the cloud infrastructure segment. BNP Paribas Exane sees Oracle as a leader in meeting the growing demand for AI, making it a favorable investment. The company’s enterprise performance management system project positions it well in the market.

Founded in 1977, Oracle Corporation (NYSE:ORCL) is a Texas-based enterprise offering cloud software, industry solutions, and infrastructure technologies globally. While ORCL shows investment potential, other AI stocks may offer greater upside with lower risk. For more on undervalued AI stocks, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: DA Davidson Lifts Oracle Corporation (ORCL) Price Target on $30 Billion Cloud Deal