Oracle Corporation (NYSE: ORCL) is a promising cloud stock, with Morgan Stanley lowering its target price from $320 to $213 on January 23. Despite short-term earnings potentially decreasing due to a capital-intensive GPU-as-a-Service opportunity, the company is expected to succeed in the long term. Guggenheim analyst John Difucci maintains a Buy rating and $400 price target on Oracle, foreseeing substantial free cash flow and hyper-EPS growth. In a recent transaction, Oracle, PE firm Silver Lake Management, and Abu Dhabi-based MGX each acquired a 15% stake in TikTok’s US entity, positioning Oracle well to benefit from its cloud computing needs. Oracle offers a variety of cloud software applications, including Oracle Fusion cloud enterprise performance management and Oracle Fusion cloud human capital management. While Oracle presents investment potential, some believe other AI stocks offer greater upside potential with lower downside risk. For more information, see the recommended short-term AI stock report.
Read more at Yahoo Finance: Oracle (ORCL) Remains a Long-term Cloud Computing Story Despite Near-Term Headwinds
