Oracle stock price target reiterated at $350 by KeyBanc on strong cloud outlook

Investing.com - KeyBanc has reiterated its Overweight rating and $350.00 price target on Oracle (NYSE:ORCL), citing the company’s robust cloud infrastructure growth and ambitious financial targets. The tech giant, now valued at $892.3 billion, maintains a GOOD financial health score according to InvestingPro data, though current analysis suggests the stock is trading above its Fair Value.

During Oracle’s Financial Analyst Meeting, the company highlighted that the profitability of a 1 GW AI data center project stands at approximately 35%, exceeding KeyBanc’s estimates.

Oracle revealed it took just 37 days to achieve its next increase in Oracle Cloud Infrastructure (OCI) revenue expectations, amounting to $43 billion.

Oracle’s Principal Financial Officer Doug Kehring presented new fiscal year 2030 targets, projecting revenue of $225 billion and earnings per share of $21, which KeyBanc notes are 12-13% above current consensus estimates.

KeyBanc analyst Jackson Ader characterized the meeting as continuing "the run of wild numbers," as Oracle maintains its aggressive growth outlook in the cloud and AI infrastructure space.

In other recent news, Oracle has seen several positive developments that could interest investors. Guggenheim has raised its price target for Oracle to $400, noting the company’s outlined growth trajectory with a projected total revenue compound annual growth rate (CAGR) of 31% to $225 billion by fiscal year 2030. Similarly, Cantor Fitzgerald has maintained its Overweight rating with a $400 price target, citing Oracle’s strong position in AI services. Oracle’s recent investor meeting highlighted positive business momentum, although Oppenheimer reiterated its Perform rating due to valuation concerns.

UBS has also increased its price target for Oracle to $380, reflecting optimism about the company’s cloud growth prospects. Scotiabank raised its price target to $360 after Oracle revealed $65 billion in new contracted commitments from four customers, excluding OpenAI. These developments suggest a robust outlook for Oracle as it continues to expand its AI and cloud capabilities.

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