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Oracle is forecasting a significant acceleration in growth through 2030, owing to the terrific demand for its cloud infrastructure.
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Importantly, Oracle seems to have a big-enough contract backlog that should allow it to achieve its goals.
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The potential growth in Oracle’s revenue and earnings should ideally translate into a healthy jump in its stock price by the end of the decade.
The past five years have been quite rewarding for Oracle (NYSE: ORCL) investors. An investment of $1,000 in Oracle stock five years ago is worth more than $4,600, as of this writing.
The phenomenal rally in Oracle stock in the past five years has helped it become the 13th largest company in the world,…
