Oracle Corporation (NYSE:ORCL) is a top AI stock on Wall Street, with an “Outperform” rating and $400 price target from Mizuho. Shares have dropped 34% due to concerns about funding data center buildout. Mizuho expects Oracle to use financing structures to reduce upfront costs. The current pullback is seen as a good entry point for investors.
Oracle is a leading database management and cloud service provider. While ORCL has potential, there are other AI stocks with greater upside potential and less downside risk. Investors looking for undervalued AI stocks can explore other options. Mizuho expects Oracle to clarify its data-center funding strategy in upcoming results, making the current pullback an attractive entry point.
Read more at Yahoo Finance: Oracle (ORCL) Earnings Set to Address Data Center Funding Questions
