TD Cowen analyst Cherilyn Radbourne maintained a Buy rating on Oracle yesterday and set a price target of $375.00.
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Cherilyn Radbourne’s rating is based on Oracle’s promising future financial targets and strategic partnerships. The company is expected to announce new fiscal year 2030 revenue, EBIT, and EPS targets that are anticipated to surpass current market expectations. These projections suggest a significant compound annual growth rate in revenue, EBIT, and EPS over the next five years, indicating a strong growth trajectory for Oracle.
Additionally, Oracle’s collaboration with OpenAI is a key factor in the positive outlook. The partnership involves substantial data center capacity, which is projected to generate significant annual revenue by 2030. Oracle’s strategic moves to shift capital expenditures to operating expenses and the exploration of new data center sites further support the potential for substantial financial upside, reinforcing the Buy rating given by Radbourne.
In another report released yesterday, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $365.00 price target.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year.