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Investing.com - Citizens JMP analyst reiterated a Market Outperform rating and $240.00 price target on Oracle (NYSE:ORCL) following the company’s recent Form 8-K filing. The target represents potential upside from the current price of $218.63, though InvestingPro data suggests the stock is trading above its Fair Value.
The filing disclosed that Oracle had "signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28."
The maintained price target comes as Oracle stock has increased 31% year to date, significantly outperforming broader market indices.
By comparison, the S&P 500 has increased 6% during the same period, while the Russell 3000 has risen 5%.
The analyst’s maintained Market Outperform rating suggests continued confidence in Oracle’s growth trajectory, particularly as these newly signed cloud service agreements begin to materialize in coming fiscal years. With revenue growth of 8.38% in the last twelve months and a robust gross profit margin of 70.51%, Oracle continues to demonstrate strong fundamental performance.
In other recent news, Oracle has reported a strong start to its fiscal year 2026, with notable growth in its MultiCloud database revenue exceeding 100%. The company has also signed several large cloud services agreements, including a significant contract expected to contribute over $30 billion in annual revenue starting in fiscal year 2028. This major deal, the largest in Oracle’s history, has led TD Cowen to raise its price target on Oracle to $250, maintaining a Buy rating. Additionally, Barclays (LON:BARC) has reiterated its Overweight rating with a $221 price target, citing the cloud deal’s potential to significantly boost Oracle’s long-term revenue targets.
Oracle is also involved in revived discussions to purchase TikTok’s U.S. operations, alongside Blackstone (NYSE:BX) and Andreessen Horowitz, although the deal requires Chinese government approval. Stifel has upgraded Oracle’s stock rating from Hold to Buy, raising the price target to $250, driven by expectations of cloud growth and disciplined expense management. The firm projects approximately 16% revenue growth in fiscal year 2026 and 20% in fiscal year 2027. These recent developments highlight Oracle’s strategic moves and growth prospects in the cloud services sector.
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