Oracle gives strong long-term growth outlook as AI cloud demand soars
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March 11, 2025 5:17 AM EDT
BofA Securities analyst Kash Rangan lowered the price target on Oracle (NYSE: ORCL) to $175.00 (from $195.00) while maintaining a Neutral rating.
The analyst comments "No change to our Neutral. We expect growth in total cloud to drive healthy revenue acceleration. However, with... More
March 11, 2025 5:10 AM EDT
Evercore ISI analyst Kirk Materne lowered the price target on Oracle (NYSE: ORCL) to $185.00 (from $200.00) while maintaining a Outperform rating.
The analyst comments "Quarter & FY26 Revenue Acceleration Help Offset F3Q Revenue Shortfall Bottom line: Oracle served up something for both bulls and bears last night as while revenue/EPS came in a bit shy of forecasts, the company blew away expectations for RPO ($130bn vs. ~$105bn est) and guided to 15% revenue growth in FY26. From a bookings perspective, there were a few larger deals that helped drive the RPO... More
