BMO Capital raises Oracle stock price target to $275 on durable AI demand

Published 09/09/2025, 15:32
BMO Capital raises Oracle stock price target to $275 on durable AI demand

Investing.com - BMO Capital has raised its price target on Oracle (NYSE:ORCL) to $275.00 from $245.00 while maintaining an Outperform rating on the stock. The company, currently valued at $662 billion, has demonstrated strong momentum with a 72% return over the past year, according to InvestingPro data.

The research firm cited Oracle’s "durable AI demand" as a key factor behind the price target increase, specifically highlighting the company’s relationship with OpenAI as a contributor to expected growth acceleration through fiscal year 2028.

BMO Capital has introduced FY28 estimates ahead of Oracle’s October Analyst event, signaling longer-term confidence in the company’s growth trajectory in the artificial intelligence sector.

Despite the positive outlook on revenue, the firm noted that Oracle’s margins will likely face pressure due to product mix changes and elevated capital expenditures and depreciation costs in the coming years.

BMO Capital believes Oracle’s strength in revenues and RPO (Remaining Performance Obligations), combined with operating income growth, can support the stock, though the firm stated it prefers Microsoft over Oracle given "more stability in margins."

In other recent news, Oracle is preparing to announce its fiscal first-quarter 2026 results, with analysts from RBC Capital and TD Cowen providing different perspectives. RBC Capital has maintained a Sector Perform rating for Oracle, focusing on the potential growth of Oracle’s Cloud Infrastructure (OCI) and the impact of the $30 billion OpenAI contract. Meanwhile, TD Cowen reiterated its Buy rating, expecting Oracle to report a 10% constant currency growth, citing strong demand for OCI from major customers. Morgan Stanley has increased its price target for Oracle to $246, maintaining an Equalweight rating, and suggested that Oracle might revise its fiscal year 2029 revenue target to approximately $125 billion. Global Equities Research has also raised its price target for Oracle to $400, emphasizing the company’s shift toward Context Engineering as a key AI catalyst. Additionally, Oracle’s data centers in Wisconsin and Texas are set to receive a $38 billion debt package led by JPMorgan Chase and Mitsubishi UFJ Financial Group. This financing includes a significant $23 billion loan for the Texas campus. These developments highlight Oracle’s ongoing strategic initiatives and financial maneuvers.

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