Jefferies Maintains Buy Rating on Oracle (ORCL) Stock

Oracle Corporation (NYSE:ORCL) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 23, Jefferies analyst Brent Thill maintained a "Buy" rating on the company's stock and reiterated the price objective of $320. As per the analyst, the company continues to witness strong demand for cloud systems.

The investors were concerned after the company kept the same full-year sales outlook. Furthermore, it witnessed a small drop in the cloud software sales, which fell short of the Wall Street estimates. The analyst believes that, despite the short-term software drops, the core AI growth story remains strong and is expected to help rebound the shares.

In a different update, the U.S. Office of Personnel Management (OPM) gave Oracle Corporation (NYSE:ORCL) a $395.8 million Federal HRIT Modernization Core Human Capital Management (HCM) contract. This is for delivering the federal government's first governmentwide HR platform.

Oracle Corporation (NYSE:ORCL) provides products and services, which cater to the enterprise information technology environments.

While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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