Oracle price target raised to $175 from $160 at Evercore ISI

Evercore ISI analyst Kirk Materne raised the firm’s price target on Oracle to $175 from $160 and keeps an Outperform rating on the shares. Oracle delivered “solid” fiscal Q1 results that were highlighted by strong IaaS growth and a continued call from management that growth will accelerate over the course of FY26, the analyst tells investors. At CloudWorld this week, the firm expects Oracle to outline why the company’s broader cloud and AI strategy helps support “a durable double-digit growth outlook” and Evercore also expects further details around Oracle’s hyper-scaler and Gen AI partnerships, the analyst added.