Mark Moerdler, an analyst from Bernstein, reiterated the Buy rating on Oracle. The associated price target was raised to $364.00.
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Mark Moerdler has given his Buy rating due to a combination of factors that highlight Oracle’s promising growth trajectory. The company’s updated guidance suggests a significant increase in revenue, with expectations of $144 billion in OCI revenue by FY30. This projection is supported by Oracle’s strategic contracts, such as the $30 billion annual deal with OpenAI Cloud, which are anticipated to drive substantial financial growth.
Furthermore, Moerdler emphasizes the potential for Oracle to expand considerably over the next 5 to 10 years, with accelerated growth in revenue and operating profit. While the company must execute its strategies effectively, the long-term prospects for investors are substantial. Oracle’s position as a key player in the Gen AI sector within the large-cap software market also enhances its investment appeal, despite potential short-term fluctuations that may offer strategic entry points for investors.
In another report released on September 24, Citizens JMP also reiterated a Buy rating on the stock with a $342.00 price target.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year.