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Benzinga

Business

Surbhi Jain

Oracle Has 30% Upside, JPMorgan Says. The Market May Be Missing Its AI Transformation.

Oracle JPMorgan Nasdaq Oracle Corp ORCL Samik Chatterjee

Dubai,,Uae,-,December,1,,2017:,Sign,Of,Oracle,On

For much of the AI boom, Oracle Corp (NASDAQ:ORCL) has been viewed as a legacy software company racing to catch up with cloud leaders. JPMorgan believes that perception is increasingly outdated.

Analyst Samik Chatterjee recently reiterated its Overweight rating on Oracle and assigned a $200 price target, implying more than 30% upside from the stock’s Aug. 12 closing price of $153.28.

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