Karl Keirstead, an analyst from UBS, maintained the Buy rating on Oracle. The associated price target was raised to $380.00.
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Karl Keirstead has given his Buy rating due to a combination of factors that highlight Oracle’s strong growth potential and strategic positioning. Oracle recently increased its fiscal year 2030 revenue and backlog guidance significantly above market expectations, suggesting a robust demand for its cloud infrastructure and services. The company’s projected revenue growth and earnings per share are set to outpace previous estimates, indicating a promising trajectory for the stock.
Furthermore, Oracle’s anticipated acceleration in revenue growth, particularly in its cloud and AI infrastructure segments, is not fully reflected in its current stock price, presenting an opportunity for investors. The company has also demonstrated resilience in addressing concerns about its gross margins and AI infrastructure capacity, with strategic moves such as potential leasing of GPUs to manage capital expenditures. These factors, combined with Oracle’s ability to capitalize on AI advancements and its strategic partnerships, underpin Keirstead’s confidence in the stock’s upward potential.
In another report released today, Barclays also maintained a Buy rating on the stock with a $400.00 price target.