Bank of America Reinstates Oracle Buy Rating
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bank of America reinstates Oracle with a buy rating and a $200 target, citing its commitment to AI infrastructure and cloud services. Oracles RPO surged 325% YoY, driven by AI contracts, and Q3 numbers showed strong growth. However, risks include high capital spending and potential negative free cash flow. Despite these concerns, the recent drop in stock price makes current levels an attractive bet on proven demand.
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