Jefferies Keeps Buy Rating on Oracle (ORCL) After Leadership Changes

Core Viewpoint - Oracle Corporation is recognized as one of the top American tech stocks to invest in, with Jefferies maintaining a Buy rating and a price target of $360 following leadership changes [1][2]. Leadership Changes - Clay Magouyrk and Mike Sicilia have been promoted to co-CEOs, while Safra Catz transitions to Executive Vice Chair of the Board of Directors [1][2]. - Jefferies views these leadership changes as indicative of Oracle's strength in advancing its AI strategy [2]. Performance Metrics - Under Safra Catz's leadership since September 2019, Oracle's stock has increased by 468%, significantly outperforming the S&P 500's 121% rise during the same period [2]. - Despite this success, Jefferies noted that during the initial five years of Catz's co-CEO tenure, Oracle's stock only rose by 35%, underperforming the S&P 500's 49% gain [3]. Company Overview - Oracle Corporation specializes in database software, cloud infrastructure, and enterprise software solutions, offering a comprehensive suite of AI-powered cloud applications [4].