The end of the week did not start out well for information technology leader Oracle (NYSE:ORCL). Shares slipped in early trading, continuing a decline from Friday. However, by late Friday afternoon, Oracle was spotted fractionally back in green territory as word from Monness, Crespi, Hardt said that things were looking quite a bit better at Oracle.
Analyst Brian White kept a Hold rating on Oracle’s shares. The recent investor day event made it pretty clear to White that things were “on track” at the company as it works to land a share of the artificial intelligence market. White even specifically called attention to the “deep dive” that Oracle led into artificial intelligence and what the firm was looking to do therein. Throw in projected organic revenue of $65 billion by fiscal year 2026, and things are indeed looking “on track.”
But it wasn’t just numbers and vague promises of AI developments that gave Oracle an edge. One recent announcement featured a new connection with Mastercard (NYSE:MA) that would combine Mastercard’s virtual card systems with the Oracle Fusion Cloud Enterprise Resource Planning tool to automate payments and help improve efficiencies throughout organizations as a result. Oracle was also set to turn to Ampere Computing for its upcoming cloud computing operation, a move that will help Oracle significantly as Ampere’s chips are specifically designed for energy efficiency.
Is Oracle Corporation a Good Stock to Buy?
Analysts, meanwhile, are somewhat split on Oracle’s overall trajectory. With 11 Buy ratings and 12 Holds, Oracle stock is considered a Moderate Buy by analysts. Further, since Oracle has an average price target of $130.57, Oracle stock offers investors 19.2% upside potential.