Evercore ISI raised the firm’s price target on Oracle (ORCL) to $385 from $350 and keeps an Outperform rating on the shares. Oracle’s AI World conference wrapped up with “a positive long-term outlook,” including updated FY30 guidance targets of $225B in revenue and $21 EPS as well as notable growth in Oracle Cloud Infrastructure projections, the analyst tells investors. Oracle’s position in the AI infrastructure space continues to strengthen and concerns about customer concentration are eased with $65B in total contract value spread across multiple clients, including Meta (META), the analyst added following the company’s financial analyst meeting.
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