William Blair analyst Sebastien Naji has reiterated their bullish stance on ORCL stock, giving a Buy rating today.
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Sebastien Naji has given his Buy rating due to a combination of factors surrounding Oracle’s strategic positioning and recent developments. The transition to new co-CEOs, Clay Magouyrk and Mike Sicilia, is seen as a positive move, particularly given their backgrounds in key areas of Oracle’s business. This leadership change is expected to bolster Oracle’s focus on AI, which is a critical growth area for the company. Oracle’s integrated approach to managing infrastructure, data, and applications positions it well to capitalize on the AI opportunity.
Additionally, the nearing completion of a deal involving TikTok is another significant factor in Naji’s rating. The deal would ensure that Oracle continues to manage TikTok’s U.S. data, potentially expanding its revenue streams. Despite some concerns about customer concentration in AI and the implications of a capital-intensive model on margins, the potential for growth and Oracle’s strategic initiatives in AI and data management underpin the Buy rating.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $360.00 price target.