Oracle (ORCL) stock, valued at $620 billion, is down 37% from all-time highs, offering a buying opportunity. Revenue is forecasted to rise to $16.2 billion in fiscal Q2 of 2026, with adjusted earnings per share estimated to increase. The company recently promoted co-CEOs to drive momentum in cloud and AI.
Oracle’s strategic partnerships and offerings span applications, databases, cloud infrastructure, and AI platforms, leading to larger customer deals. The company’s AI ecosystem connects various industries, providing unique integration and solutions. Remaining performance obligations have increased significantly, showcasing Oracle’s strong customer base.
Oracle is working to build data centers quickly to meet demand, aiming to deploy facilities capable of handling up to 1 gigawatt of power. The company secured $65 billion in new infrastructure contracts in fiscal Q2. The AI Data Platform enables secure use of large language models on private data, solving a key problem for enterprises.
Oracle’s database business is expected to grow rapidly, with $20 billion in AI database revenue projected by 2030. Analysts recommend buying ORCL stock, with an average price target of $344.53. With a potential upside of over 120% from current levels, the stock shows promising growth prospects.
Read more at Yahoo Finance: Dear Oracle Stock Fans, Mark Your Calendars for December 10
