Oracle Corporation (NYSE:ORCL) ranks among the best FAANG+ stocks to invest in right now. On March 11, Deutsche Bank reinforced its Buy rating and $300 price target for Oracle Corporation (NYSE:ORCL) following the company’s earnings release, which reported revenue of $17.2 billion, exceeding analysts’ expectations of $16.9 billion.

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The company’s Infrastructure-as-a-Service revenue increased by 84% year-over-year to $4.9 billion, exceeding the street’s projection of $4.7 billion. Moreover, Oracle’s cloud revenue increased by 41% year-over-year to $8.9 billion, while AI infrastructure revenue increased by 243%.

Deutsche Bank remarked that the quarter indicated continuous execution, which will sustain OCI acceleration into fiscal year 2027. It also identified specific non-AI options for additional backlog contributions, particularly non-capital-intensive AI. The firm added that it believes multicloud availability will be a significant enabler for Oracle’s future workload transfer.

Oracle Corporation (NYSE:ORCL) offers an extensive suite of database and cloud computing software and hardware. The Company offers databases and relational servers, application development and decision-support tools, and enterprise business applications.

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