Oracle (ORCL) is positioned to become a "foundational infrastructure provider" for the artificial intelligence revolution, supported by its infrastructure and data integration strategy, Wedbush Securities said in a Friday note.
Oracle Cloud Infrastructure offers a "distinct advantage" over other complex cloud platforms, while the company's "AI for Data" strategy is intended to deliver business value by bridging AI models with proprietary enterprise data, the investment firm said.
Wedbush also noted Oracle's multi-cloud strategy, partnerships with AI leaders, and initiatives such as the Stargate project.
Wedbush initiated coverage on Oracle with an outperform rating and a $225 price target.
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