Oracle price target raised to $375 from $325 at TD Cowen

TD Cowen raised the firm’s price target on Oracle (ORCL) to $375 from $325 and keeps a Buy rating on the shares. The firm said its RPO saw an unprecedented $317b quarter-over-quarter build in 1Q, driven by a handful of large AI contracts. This led the company to guide OCI for the next 5 yrs with a target of a 70% CAGR from $10b in FY25 to $144b in FY30. Cowen thinks this not only proves Oracle’s dominance in AI training, but also its emerging positioning in AI inference.