Oracle Corporation (NYSE:ORCL) has been identified as one of the AI Stocks on Wall Street’s Radar, with a price target of $400.00 set by Cantor Fitzgerald analyst Thomas Blakey. The company has reported a 359% year-over-year growth in Remaining Performance Obligations (RPO) amounting to $317 billion.

This growth is attributed to Oracle’s booming AI-related contracts driving massive growth in its cloud business. The firm has raised its Oracle Cloud Infrastructure (OCI) estimates with revenue guidance extending to fiscal year 2030. The stock is expected to trade on long-term AI growth potential.

Investors are impressed by Oracle’s significant increase in OCI revenue guidance and new AI contract signings, leading to a $400 price target. The company is well-positioned to benefit from AI trends, with potential for further growth. Oracle is a database management and cloud service provider.

While Oracle presents investment potential, some believe other AI stocks offer greater upside potential with less downside risk. Investors seeking undervalued AI stocks can explore opportunities beyond Oracle. For those interested in AI investments, consider a free report on the best short-term AI stock for further insight.

Read more at Yahoo Finance: Cantor Fitzgerald Boosts Oracle (ORCL) Target as AI Demand Fuels Cloud Business