Analyst Alex Zukin of Wolfe Research reiterated a Buy rating on Oracle, retaining the price target of $400.00.
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Alex Zukin has given his Buy rating due to a combination of factors that highlight Oracle’s promising growth trajectory. During Oracle’s analyst day at AI World, the company announced ambitious revenue and Oracle Cloud Infrastructure (OCI) targets for fiscal years 2026-2030, along with impressive annual earnings per share (EPS) growth projections. These targets suggest a strong compound annual growth rate (CAGR) of 32%, which indicates a robust financial outlook.
Furthermore, Oracle’s strategic moves in AI infrastructure and cloud transitions have bolstered customer demand, as evidenced by a survey showing increased spending intentions among Oracle’s clients. The company’s ability to secure significant new revenue from large deals and its progress in transitioning from on-premises to cloud solutions are driving this optimism. These developments, coupled with Oracle’s clear profitability targets and enhanced product cycle, reinforce Zukin’s confidence in the company’s long-term growth potential, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $400.00 price target.