Oracle Stock Price Target Raised by Analysts After Earnings
BMO Capital: Analyst Keith Bachman raised Oracle's price target to $160 from $142, maintaining a market performance rating. He cited solid Cloud Infrastructure bookings and a positive FY2025 revenue outlook.
Deutsche Bank: Analyst Brad Zelnick increased the price target to $165 from $150, keeping a Buy rating. He incorporated Q4 results and guidance into the firm's model, adjusting FY2025-26 revenue and non-GAAP EPS estimates.
Argus: Analyst Joseph Bonner raised the price target to $159 from $145, maintaining a Buy rating. He noted that Oracle's Q3 results showed cloud revenue surpassing legacy license support revenue for the first time, indicating cloud revenue will be a major growth driver. Bonner highlighted the company's investment in global data centers and management's optimism about FY2025 revenue acceleration.
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