Oracle's cloud business is about to take off, with institutions optimistic about high-speed growth in the coming years.

According to the Zhitong Finance APP, the well-known investment institution Bernstein on Wall Street believes that Oracle's cloud computing business is still in its early stages of takeoff, and will usher in a period of rapid growth in the next few years. Analyst Mark Moerdler of the institution reaffirmed his "outperform" rating on Oracle's stock on Tuesday, raising the target price from $269 to $308, highlighting his strong confidence in the company's long-term prospects.