BMO Capital analyst Keith Bachman raised the firm’s price target on Oracle (ORCL) to $200 from $175 and keeps a Market Perform rating on the shares. The firm introduced fiscal 2027 estimates for Oracle and its updated capex and depreciation analysis leads it to believe the company’s operating margins will be lower in both fiscal 2026 and 2027 due to depreciation pressure. With that said, Oracle can reasonably grow operating income dollars by double-digits in 2027 due to revenue acceleration, the analyst tells investors in a research note. BMO says higher conviction in Oracle’s improved database growth would allow it to get more constructive on the stock, pointing out the firm’s recent channel feedback has been positive.
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