Oracle price target raised to $155 from $135 at Stifel

Stifel raised the firm’s price target on Oracle to $155 from $135 and keeps a Hold rating on the shares. Oracle beat on the top- and bottom-line and produced $1.1B of sequential RPO growth during the seasonally light Q1, the analyst tells investors. The firm believes continued revenue acceleration is likely as AI infrastructure bookings strength converts over-time and hyperscaler database partnerships scale medium-term, but it believes meaningful multiple expansion is limited. However, Stifel adds that it would “not be surprised to see the stock continue its recent outperformance into year-end.”