Oracle specializes in developing and marketing database software and technology, cloud computing services and enterprise software. Oracle is considered one of the big five tech companies along with Amazon, Apple, Microsoft, and Alphabet (Google).

Key Points

* Oracle is a well-established company with a strong track record of profitability.

* The company is a leader in the cloud computing and database software markets.

* Oracle is investing heavily in artificial intelligence (AI), which is a high-growth market.

* The company has a large and growing backlog of orders, which indicates strong future demand.

* Oracle's stock price has been volatile in recent years, but it is up over 20% in the past year.

Valuation

Oracle's current stock price is $118.16. The company's market capitalization is $132.4 billion. Oracle's price-to-earnings (P/E) ratio is 25.5, which is slightly above the average P/E ratio for the S&P 500 of 20.

Expected Revenue and Growth

Oracle is expected to report revenue of $54.1 billion for fiscal year 2024. This represents growth of 12% from fiscal year 2023. The company is also expected to grow its earnings per share (EPS) by 14% to $6.54.

The company's strong fundamentals and growth prospects suggest that the stock could continue to rise. Analysts have an average price target of $143 for Oracle's stock in the next 12 months.

Overall, Oracle is a strong company with a bright future. The company is well-positioned to benefit from the growth of the cloud computing and AI markets. Oracle's stock is a good long-term investment for investors who are looking for exposure to these high-growth sectors.