Wells Fargo Initiates Oracle (ORCL) With Overweight, Sees Major AI Upside Ahead

Oracle Corporation (NYSE:ORCL) is one of the AI Stocks Analysts are Tracking Closely. On December 3, Wells Fargo initiated coverage of the stock with an “Overweight” rating and a $280 price target. Analysts at the firm view Oracle gaining major AI infrastructure share; supporting its long-term re-rating. According to analyst Michael Turrin, Oracle is early at an AI-driven reacceleration; indicating meaningful upside even as shares sit “42% off highs” and valued at an estimated 25x FY27 earnings. The comp ...