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Oracle booked $30B in new AI contracts last quarter and runs GPU utilization at 97.9%, underpinning a BUY rating and $229 price target with 50% upside.

Oracle's forward P/E of 20 undercuts Microsoft's 27 and Amazon's 35, despite IaaS growing 121%, which is faster than Azure's 43% or AWS's 37%.

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Oracle (NYSE:ORCL) just delivered one of the most consequential AI cloud quarters on record, and I think the market is still digesting what it means. Our 24/7 Wall St. price target for Oracle is $229.25, implying 49.67% upside from the current $153.17 share price.