Oracle price target raised to $215 from $180 at Evercore ISI

Evercore ISI raised the firm’s price target on Oracle (ORCL) to $215 from $180 and keeps an Outperform rating on the shares following “a strong top-and-bottom line beat.” Perhaps “most significantly,” management increased its FY26 revenue target to $67B from $66B, which implies 16% year-over-year growth in constant currency, and is now guiding to FY27 growth of 20%-plus off the revised $67B base, the analyst tells investors. Oracle is well-positioned to capitalize on cloud and AI demand trends and the firm believes the risk/reward “skews to the upside” when looking through the second half, the analyst added.