Oppenheimer upgrades Oracle to Outperform, sees favorable risk/reward

As previously reported, Oppenheimer upgraded Oracle (ORCL) to Outperform from Perform with an $185 price target The firm says that while its call may be early, since it will take time Oracle to show financial success as a more capital-intensive business in future results, Oppenheimer sees a favorable risk/reward after the stock’s multiples have been cut by more than half since September. The firm argues that Oracle is a strong EPS compounder and AI winner as sentiment shifts and amid mitigating risks.