Jim Cramer’s Ultimate Stock Picks: 10 Hot Stocks to Consider

3. Oracle Corporation (NASDAQ:ORCL)

Number of Hedge Fund Investors: 93

Jim Cramer highlights Oracle Corporation (NASDAQ:ORCL)’s impressive progress in a recent Morning Thoughts post. After Oracle Corporation (NASDAQ:ORCL) announced excellent results for the first quarter of fiscal 2025, which caused its stock to rise, Oracle’s executives projected that revenue for fiscal 2026 will reach at least $66 billion. This is higher than the $64.5 billion that analysts had expected. As a result, Oracle Corporation (NASDAQ:ORCL)’s shares are climbing, and many analysts are raising their price targets.

“Oracle’s amazing transformation continues. Just days after reporting strong fiscal 2025 first-quarter results that sent its stock soaring, executives guided for fiscal 2026 revenues of at least $66 billion, above the $64.5 billion consensus estimate. Shares are jumping Friday. Price target bumps are flooding in, too. Larry Ellison’s prediction that Oracle will one day operate at least 1,000 data centers, up from 162 currently, is looking more and more realistic.”

A positive outlook on Oracle Corporation (NASDAQ:ORCL) is supported by its strong growth in cloud services and strategic moves in AI, multi-cloud, and partnerships. In fiscal Q1 2024, Oracle Corporation (NASDAQ:ORCL)’s performance exceeded expectations, with cloud services and license support revenues increasing by 12% compared to the previous year. Total revenues for fiscal year 2024 reached $53 billion.

Oracle Corporation (NASDAQ:ORCL)’s Remaining Performance Obligations (RPO) jumped by 44%, indicating high demand for its AI-driven cloud solutions. Oracle Corporation (NASDAQ:ORCL)’s $12.5 billion in AI contracts, including a major deal with OpenAI, highlights its leading role in this field. Furthermore,  Oracle Corporation (NASDAQ:ORCL)’s multi cloud strategy, supported by partnerships with Microsoft and Google Cloud, expands its market presence and strengthens its competitive edge.

Carillon Eagle Growth & Income Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its Q2 2024 investor letter:

“Oracle Corporation (NYSE:ORCL) stock rose to all-time highs after the company announced better than expected cloud infrastructure revenue. Oracle signed dozens of new customers, including two leaders in generative artificial intelligence. The backlog remains, and strong growth appears poised to accelerate.”