Baird Starts Oracle (ORCL) at Outperform

Baird analyst Rob Oliver initiates coverage on Oracle (NYSE: ORCL) with a Outperform rating and a price target of $365.00.

The analyst comments "We are initiating coverage of Oracle with an Outperform rating and $365 price target. This nearly 50-year-old software company has positioned itself at the center of the most significant trend in the history of computing: AI. The combination of resources it delivers - scaled infrastructure, database, networking, and applications - creates a virtuous circle that we believe can support a premium valuation and propel shares beyond the current infrastructure scarcity trade. Company will host a Financial Analyst Meeting in conjunction with Oracle AI World next week and we will attend."

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $284.24 yesterday.

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