Baird initiated coverage on Oracle Corporation (NYSE: ORCL) with an Outperform rating and a price target of $365.00. Shares rose more than 2% intra-day on Thursday.

The firm said Oracle, now nearly five decades old, had positioned itself at the forefront of one of the most significant technological shifts in computing history: artificial intelligence. Analysts highlighted the company's combination of infrastructure, databases, networking, and enterprise applications as a unique ecosystem capable of supporting sustained premium valuation.

Baird added that Oracle's integrated technology stack created a “virtuous cycle” across its cloud and AI operations, enabling it to capitalize on growing demand for scalable computing power.

The company is scheduled to host its Financial Analyst Meeting alongside Oracle AI World next week, where executives are expected to discuss strategy and growth opportunities tied to AI infrastructure.