Stocks On the Rise: 8 Best Stocks to Invest in Now

6) Oracle Corporation (NYSE:ORCL)

% Gain on a YTD Basis: ~63%

Number of Hedge Fund Holders: 93

Oracle Corporation (NYSE:ORCL) provides products and services that address enterprise information technology environments worldwide.

Wall Street analysts expect Oracle Corporation (NYSE:ORCL) to be well-placed to achieve strong growth off the back of its cloud business, mainly in training large language models. Moreover, its fundamentals are supported by the switching costs associated with its business. Oracle Corporation (NYSE:ORCL) operates 85 cloud regions and it expects to expand further, with a target of more than 1,000 data centers. Experts are optimistic about the partnerships with AWS, Azure, and Google Cloud. These alliances should enhance Oracle Database’s growth.

Its multi-cloud strategy, which includes major partnerships, is anticipated to drive further growth in the database business. According to Wall Street, Al and healthcare innovations should play a critical role in Oracle Corporation (NYSE:ORCL)’s future growth. As of now, robust demand for cloud solutions, mainly in laaS, has been fueling revenue growth. Also, automation and efficiency improvements in database services continue to improve its gross margins.

Therefore, with significant investments in infrastructure and a strong emphasis on innovation and security, Oracle Corporation (NYSE:ORCL) has been positioning itself to address the increasing global demand for cloud and Al solutions. For Q2 2025, the company expects EPS to be between $1.42 and $1.46 in constant currency.

Melius raised Oracle Corporation (NYSE:ORCL) from a “Hold” rating to a “Buy” rating, setting a $210.00 price objective on 16th September.

Parnassus Investments, an investment management company, released the “Parnassus Value Equity Fund” second quarter 2024 investor letter. Here is what the fund said:

Oracle Corporation (NYSE:ORCL) stock surged in June after management forecasted double-digit revenue growth for fiscal year 2025, powered in part by growth in its cloud infrastructure business. Investor sentiment was further bolstered by the company’s announcement of a new partnership with ChatGPT-maker OpenAI and Microsoft and another with Google Cloud.