11 Best Data Storage Stocks to Invest in According to Analysts

10. Oracle Corp. (NYSE:ORCL)

Average Upside Potential as of March 28: 35.61%

Number of Hedge Fund Holders: 105

Oracle Corp. (NYSE:ORCL) delivers enterprise IT solutions that encompass cloud software applications, infrastructure technologies, and hardware systems. Its offerings span ERP, database management, and cloud services. It enables businesses to manage data, optimize operations, and drive digital transformation across diverse industries.

The company’s data storage infrastructure, specifically its Cloud Infrastructure (OCI) segment, is experiencing growth due to AI and its Gen 2 architecture. IaaS revenue, which includes storage-related infrastructure, surged 51% year-over-year to $2.7 billion in FQ3 2025. This growth is emphasized by a 51% increase in OCI revenue itself, and a 28% rise in cloud database services revenue, with Autonomous Database consumption up 42%.

To support this data storage growth, the company is expanding its infrastructure. It has reached 101 cloud regions, and power capacity is projected to double this year and triple by the end of the next fiscal year. Oracle Corp. (NYSE:ORCL) is positioning itself as a leader in AI-driven data storage solutions by securing multibillion-dollar contracts for GPU clusters. On March 7, TD Cowen maintained a buy rating on the company, with a price target of $210 which is backed by the firm’s expectations of its new Stargate partnership that aims to invest around $500 billion over 4 years in AI infrastructure across the US.

Parnassus Core Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its Q4 2024 investor letter:

“Oracle Corporation (NYSE:ORCL) stock posted its best annual performance since 1999 as the software giant gained market share in cloud-based training of generative AI models. Oracle Cloud Infrastructure is helping to reaccelerate growth as the company continues to execute well in capturing new deals.