Oracle Corporation (NYSE:Orcl) is one of AI is in the spotlight today. On July 14, Evercore ISI analyst, Kirk Materne, increased the course of action at $ 270.00 (against $ 215.00) while maintaining a note of “outperformance”.
The company said that Oracle was the “fourth world hyperscalle” based on recent events, in particular its recent agreement which could help it reach $ 30 billion in cloud computing income by exercise 2028. The other three hyperscalers include Amazon Web Services, Google Cloud and Microsoft Azure.
“Although the agreement of the massive Oracle AI is currently in the foreground in terms of impact on the growth of exercise 28, we believe that the case of a longer term bull is wider. First, the OIC gains in the hydraules market of several hundred dollars. ease. – Evercore analysts, led by Kirk Materne, in a note of investors.
“It was a race for Oracle’s actions in last month. The prospects for financial year 26 of the company came more optimistic than expected, and the recent deposit highlighting an annual contract of $ 30 billion contributes to solidifying the place of Oracle as a “fourth” global hyperscaler. Since we have an increasing importance of the OCO as part of the broader income. DBAA – and attribute what we think is reasonable estimates of revenues and raw margins to each. Case ‘Scenario (which does not fully reflect the Giant Cloud agreement), we are still planning a growing scenario to a 13% TCAC in financial year 29, with an annualized BPS growth of 11%. EPS that our basic case.
