Oracle stock price target raised to $342 from $315 at Citizens JMP

Investing.com - Citizens JMP analyst raised the price target on Oracle (NYSE:ORCL) to $342.00 from $315.00 while maintaining a Market Outperform rating. According to InvestingPro data, the overall analyst consensus remains bullish with a 1.79 rating, while analyst targets range from $183.10 to $325.00.

The price target increase follows Oracle’s latest financial results, which included record-breaking remaining performance obligations (RPO) of $455 billion, representing a 359% year-over-year increase compared to 41% growth in the previous quarter.

Oracle reported slightly below-consensus results for its fiscal first quarter 2026, with non-GAAP earnings per share of $1.47 (versus $1.48 consensus) and revenue of $14.93 billion (versus $15.03 billion consensus), though revenue still grew 12% year-over-year, up from 11% in the previous quarter.

Oracle Cloud Infrastructure (OCI) showed accelerating growth at 55% year-over-year, improving from 52% in the previous quarter, while cloud applications growth slowed slightly to 11% from 12% in the prior quarter.

The stock jumped 28% in after-hours trading following the announcement, adding to its approximately 45% year-to-date gain, which significantly outperforms both the S&P 500 and Russell 3000 indices’ approximately 11% increases for the year.

In other recent news, Oracle Corporation reported mixed earnings for the first quarter of fiscal year 2026. The company posted an earnings per share (EPS) of $1.47, slightly below the expected $1.48. Revenue also fell short of forecasts, coming in at $14.93 billion compared to the anticipated $15.03 billion. Despite these misses, Oracle’s strong cloud growth contributed to positive future guidance. Additionally, UBS has raised its price target for Oracle to $360 from $280, maintaining a Buy rating. This adjustment follows Oracle’s announcement of a $317 billion incremental backlog, supporting a significant growth forecast for its cloud infrastructure segment. The company anticipates a 14-fold expansion in this segment over the next five years, from $10 billion in fiscal year 2025 to $144 billion in fiscal year 2030. These recent developments highlight Oracle’s ongoing focus on cloud growth and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.