Oracle (ORCL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Raimo Lenschow from Barclays maintained a Buy rating on the stock and has a $221.00 price target.
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Raimo Lenschow has given his Buy rating due to a combination of factors, primarily driven by Oracle’s strong start to FY26 and the announcement of significant cloud services agreements. The recent 8K filing highlights Oracle’s robust performance, including a noteworthy agreement expected to generate over $30 billion in annual revenue starting FY28, which is anticipated to boost investor confidence and share prices.
Additionally, despite previous skepticism regarding Oracle’s ambitious revenue targets, the new agreements provide a clearer path to achieving these goals. The potential $30 billion annual revenue from the cloud services deal significantly bridges the gap between Oracle’s FY26 and FY29 revenue guidance, supporting the company’s ability to maintain over 100% year-over-year growth in remaining performance obligations. While specific customers were not named, the scale of the deal suggests a limited number of possibilities, potentially linked to Oracle’s involvement in large-scale projects like the Stargate UAE AI campus.
In another report released today, Stifel Nicolaus also upgraded the stock to a Buy with a $250.00 price target.
Based on the recent corporate insider activity of 54 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.