Goldman Sachs Initiates Coverage on Oracle (ORCL) With Buy Rating and $240 Target,

Oracle Corporation (NYSE:ORCL) is one of the Must-Watch AI Stocks on Wall Street. On January 12, Goldman Sachs analyst Gabriela Borges assumed coverage on the stock with a “Buy” rating and a set a price target of $240. Firm analysts are bullish on Oracle’s compute advantage, anticipating gross profit acceleration. Borges noted how the firm is positive on Oracle’s technology advantage in AI compute workloads and its potential to increase share of new cloud revenue from less than 10% today to an estimated ...