Oracle’s AI-Driven Growth Has Wall Street Most Bullish in Years
- At least two analysts upgraded Oracle shares since earnings
- Company expects sales to double in five years on cloud demand
The Oracle offices in Redwood City, California, US.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Oracle Corp. is winning over investors and analysts as it sees a resurgence in sales growth driven by artificial intelligence-fueled demand.
Shares in the software giant are up almost 60% this year, with a chunk of those gains coming after last month’s estimate-beating earnings and forecast for sales to roughly double over the next five years. Two recent analyst upgrades have left Wall Street at its most bullish in more than six years, with 24 firms rating Oracle shares a buy, according to data compiled by Bloomberg. Shares in the company were edging lower, falling 1% on Wednesday.