Oracle’s stock picks up an upgrade, and it’s about more than just earnings

Oracle Corp. could emerge as yet another beneficiary of the current artificial-intelligence mania, according to a new bull.

Wolfe Research’s Alex Zukin upgraded Oracle’s ORCL stock to outperform from peer perform over the weekend, writing of his optimism about the company’s Oracle Cloud Infrastructure business, which could double its market share by calendar 2025, in his view, “on the backs of architectural advantages, partnerships” and tailwinds related to generative AI.

Oracle is due to report fiscal fourth-quarter results after Monday’s closing bell, but Zukin said his upgrade isn’t a call on the upcoming results.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

X-Energy Reactor and Ares Acquisition Corp. cut $300 million off merger priceX-Energy Reactor Co. and Ares Acquisition Corp. on Monday lowered the price of their projected business combination by $300 million to $1.8 billion. “By...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves before the bell: Nasdaq, Illumina, Oracle, Carnival & moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Biogen stock climbs on drug approval recommendation, Oracle shares rise ahead of earnings, and other stocks on the moveHere are some of the biggest movers of Monday.
Source: MarketWatch - 🏆 3. / 97 Read more »