11 Best Feminist Stocks To Invest In

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2. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Shareholders In Q1 2024: 96

CEO: Safra Ada Catz

Oracle Corporation (NYSE:ORCL) is an American enterprise computing company headquartered in Austin, Texas. It’s one of the strongest players in the AI market because of its commanding position in the cloud computing market. Oracle Corporation (NYSE:ORCL)’s shares are up 34% year to date, and the stock soared by more than 10% in June 2024 after its fourth quarter and full year results saw CEO Safra Catz announce that Oracle Corporation (NYSE:ORCL) had landed its “largest sales contracts” in history which built on $12.5 billion of sales contracts in Q4. Following the results, Evercore ISI raised Oracle Corporation (NYSE:ORCL)’s share price target to $160 from $145 and kept an Outperform rating on the shares. Evercore believes that Oracle Corporation (NYSE:ORCL)  will continue to grow in 2025, and attract mega cap Amazon into its fold as well.

Considering these developments, Oracle Corporation (NYSE:ORCL)’s forward price to earnings ratio of 22, which suggests an in line growth with the broader market, might be slightly off target. Hedge funds actually think Oracle is undervalued at its current price. Oracle’s popularity among hedge funds skyrocketed recently, making it one of the 31 Most Popular Stocks Among Hedge Funds. Here’s what Madison Funds had to say about the firm in its Q4 2023 investor letter:

Oracle reported a disappointing second quarter due to supply constraints. Cloud revenue was below expectations as Oracle made planning decisions to accommodate some large-scale Oracle Cloud Infrastructure (OCI) clients that take longer to bring online. We continue to believe that Oracle has a unique position in Generative AI workloads and continue to like its position and strategy.

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