How Oracle Rode the AI Wave to a 12.4% Gain in June
Shares of enterprise software giant (NYSE: ORCL) rallied 12.4% in the month of June, according to data from S&P Global Market Intelligence.
Traditionally the dominant player in on-premises enterprise databases, Oracle finds itself in transition to a more cloud-based company, as well as a challenger to the three large cloud infrastructure companies in the age of artificial intelligence.
Despite some skepticism, last month's fiscal fourth-quarter earnings report seemed to show Oracle handling the transition well, with accelerating cloud growth and market share gains leading to a solid beat.
Source Fool.com
Oracle Corp. Stock
€127.84
0.110%
With 41 Buy predictions and not a single Sell prediction Oracle Corp. is an absolute favorite of our community.
As a result the target price of 140 € shows a slightly positive potential of 9.51% compared to the current price of 127.84 € for Oracle Corp..
