Analyst Mark Moerdler of Bernstein maintained a Buy rating on Oracle, with a price target of $225.00.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mark Moerdler’s rating is based on Oracle’s recent strategic moves and growth prospects. The company has secured a significant multi-year Cloud contract expected to generate over $30 billion in annual revenue starting in FY28, which positions Oracle for sustained growth beyond that fiscal year. Additionally, Oracle’s multicloud database is experiencing over 100% year-over-year growth, contributing to both revenue expansion and margin improvement.
Furthermore, Oracle’s capital expenditure is anticipated to be lower than expected, as the company is not heavily investing in renting, building, or leasing datacenters. These factors, combined with the potential for increased investor confidence and rising financial metrics, underpin Moerdler’s Buy rating on Oracle’s stock.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $245.00 price target.
Based on the recent corporate insider activity of 56 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.