Stifel analyst Brad Reback keeps a Buy rating and $350 price target on Oracle (ORCL) after the company held an “upbeat” analyst meeting as part of its AI World user-conference and raised their FY30 OCI revenue target to $166B and highlighted that RPO now exceeds $500B as customer demand is running far ahead of supply. The stock traded down afterhours however as FY26/27 EPS targets of $8.00 and $10.65 respectively were modestly below expectations as the company absorbs up-front scaling costs, the analyst tells investors in a research note. Looking forward, the stock likely consolidates recent gains in coming quarters as investors digest recent news flow and gain comfort with the management’s ability to generate strong operating income growth, the firm added.
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