Analyst Bradley Sills from Bank of America Securities maintained a Buy rating on Oracle and keeping the price target at $368.00.
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Bradley Sills has given his Buy rating due to a combination of factors, including Oracle’s strategic leadership and its ongoing transition to becoming a key player in AI infrastructure. The CEO transition is seen as a logical step, with Safra Catz having been instrumental in Oracle’s shift to the cloud and AI, building a comprehensive suite of applications and infrastructure. Her leadership in launching significant products like the Fusion application suite and Oracle Cloud Infrastructure has positioned Oracle well for future growth.
Additionally, the appointment of seasoned executives like Clay Magouyrk and Mike Sicilia as Co-CEOs is viewed positively. Magouyrk’s experience with Oracle Cloud Infrastructure and his background with Amazon Web Services are expected to drive the scaling of OCI’s GPU compute capacity. Sicilia’s expertise in vertical applications is anticipated to enhance Oracle’s cloud offerings, potentially catalyzing growth in this area. The continued involvement of Larry Ellison as Chairman and CTO ensures strategic continuity, particularly in technology stack development and GPU access, which are crucial for OCI’s expansion.
According to TipRanks, Sills is a 4-star analyst with an average return of 4.6% and a 49.54% success rate. Sills covers the Technology sector, focusing on stocks such as Microsoft, MongoDB, and Salesforce.