12 Best Edge Computing Stocks to Invest in According to Analysts

7. Oracle Corporation (NYSE:ORCL)

Average Analyst Upside: 12.94%

Number of Hedge Fund Holders: 91

Oracle Corporation (NYSE:ORCL) is a leading provider of software solutions, delivering a broad array of services through its Oracle Cloud Infrastructure (OCI). OCI offers comprehensive cloud deployment capabilities, including servers, storage, networking, and applications. Additionally, Oracle’s Roving Edge Infrastructure brings computing power and storage closer to data sources, enabling real-time data processing and analysis even in remote areas with limited or intermittent internet connectivity.

On December 10, Stifel raised its price target for Oracle Corporation (NYSE:ORCL) to $175 from $155 while maintaining a Hold rating. This adjustment followed Oracle’s second-quarter performance, which met expectations despite unforeseen foreign exchange headwinds impacting its prior guidance. However, Oracle’s stock declined 7% in after-hours trading due to a $2 billion sequential decrease in Remaining Performance Obligations (RPO). Despite this, Oracle’s management remains optimistic, citing strong AI-driven bookings as a driver of future growth.

Oracle Corporation (NYSE:ORCL) also reaffirmed its strategy to double capital expenditures year-over-year to approximately $15 billion and expects its Cloud segment to grow by more than 50% in fiscal year 2025—consistent with the 52% growth reported this quarter.

Madison Sustainable Equity Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its Q3 2024 investor letter:

“The top contributors in the quarter were NextEra Energy, Oracle Corporation (NYSE:ORCL), Progressive Corporation, Equifax Inc., and United Healthcare. Oracle reported a strong first quarter with accelerating Cloud infrastructure demand. Oracle followed its solid first quarter with an upbeat analyst meeting which highlighted multi-year growth opportunities for the company.”