7 Best Software Infrastructure Stocks To Invest In Now

3. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 93

Oracle Corporation (NYSE:ORCL) is a comprehensive provider of software infrastructure solutions, offering a wide range of services through its Oracle Cloud Infrastructure (OCI). The OCI delivers a full suite of cloud deployment services, including servers, storage, networking, applications, and more.

Oracle Corporation (NYSE:ORCL) has set an ambitious revenue target, aiming to surpass $66 billion in fiscal year 2026, reflecting a growth rate of over 12%. Looking further ahead, the company projects revenues to reach approximately $104 billion by fiscal year 2029, indicating a compound annual growth rate (CAGR) of around 16%, with earnings per share expected to grow at about 20% annually by FY29.

The company’s hyper-scale cloud business has been a key growth driver, as demonstrated by a 52% increase in its Remaining Performance Obligations (RPO). Oracle’s late entry into the cloud infrastructure market has been offset by the development of its second-generation cloud, enabling the company to deliver high-performance, scalable, and efficient cloud solutions.

On September 16, HSBC raised its price target for Oracle Corporation (NYSE:ORCL) from $180 to $210, maintaining a Buy rating. The upgrade is based on Oracle’s strong growth outlook, with revenues expected to surpass $66 billion in FY26 and $104 billion by FY29, up from $52.9 billion reported for FY24.

As of the second quarter of 2024, 93 hedge funds held positions in Oracle Corporation (NYSE:ORCL), with a total stake value of $5.4 billion. Fisher Asset Management, led by Ken Fisher, was the largest shareholder, owning 17.58 million shares worth $2.48 billion as of June 30.