Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Analyst Heather Bellini noted that the analyst day was focused on its cloud strategy on SaaS, PaaS and laaS along with some new product/strategy announcements. The analyst said she deduced the company is serious about PaaS/laaS, as the management highlighted the advantages of its new generation 2 data centers in terms of cost, security and reliability.
The firm also noted that Oracle took the fight to Amazon.com, Inc. (NASDAQ: AMZN)'s camp by delving on the value proposition of its data centers relative to Amazon AWS.
Bellini also expressed pleasure regarding Oracle's new program to reduce friction in selling process and its message that it is expanding down market.
Goldman's panel sessions revealed that Oracle's full suite of apps is a differentiator, helping it to win deals and that the company is facing less competition in cloud ERP versus other SaaS categories. The partners, according to the firm, are committed to Oracle's PaaS and laaS offerings.
Goldman also noted that cloud infrastructure vendors such as Docker and Mesosphere were unsure what role server software vendors like Microsoft Corporation (NASDAQ: MSFT), VMware, Inc. (NYSE: VMW) and Red Hat Inc (NYSE: RHT) will play in public cloud.
At time of writing, Oracle was down 0.78 percent on Friday, trading at $39.20. Goldman Sachs has a Buy rating and 12-month price target of $47 on the shares.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.