Skip to main content

Market Overview

Cloud, Artificial Intelligence: 2 Reasons Analysts Foresee Growth In Oracle's Future

Share:
Cloud, Artificial Intelligence: 2 Reasons Analysts Foresee Growth In Oracle's Future

After underperforming over the last two years, Oracle Corporation (NYSE: ORCL) is catching its stride, pushing KeyBanc Capital Markets analyst Monika Garg to upgrade Oracle to Overweight with a $61 price target.

4 Reasons Behind Garg’s Bullish Theses

    1. Oracle’s cloud growth could double over the next two years, generating a $12 billion run-rate.
    2. Oracle is just starting to capitalize on transitioning its current customer base to its cloud service. “While Oracle has added a significant number of new Oracle Cloud customers in the mid-market, the number of total cloud logos using its SaaS, PaaS, and IaaS solutions represent less than 5% of a large existing customer installed base that exceeds 400,000,” Garg said.
    3. AI will provide value to Oracle through “scale of data, helping elevate the power of incumbency for those having a large customer installed base and unique data sets,” Garg said.
    4. Margins might expand as cloud revenue continues to increase.

To stay up to date on the latest exclusive news and earnings updates on Oracle, check out Benzinga Pro

Related Links

Oracle Shares Have Outperformed Year To Date; Can The Momentum Continue After The Q4 Print?

Oracle's Clean Q4 Beat The Latest Entry In A Solid Season For Large-Cap Software Sector

Latest Ratings for ORCL

DateFirmActionFromTo
Mar 2022B of A SecuritiesMaintainsNeutral
Mar 2022BMO CapitalMaintainsMarket Perform
Mar 2022Piper SandlerDowngradesNeutralUnderweight

View More Analyst Ratings for ORCL

View the Latest Analyst Ratings

 

Related Articles (ORCL)

View Comments and Join the Discussion!

Posted-In: KeyBanc Capital MarketsAnalyst Color Long Ideas Upgrades Price Target Analyst Ratings Tech Trading Ideas Best of Benzinga

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com