BMO Capital raised the firm’s price target on Oracle (ORCL) to $245 from $235 and keeps an Outperform rating on the shares. Given the implications of capex requirements on Oracle’s free cash flow, and the ongoing requirements of dividends and likely buybacks, the firm believes that Oracle will likely need to raise new capital in FY26 and/or FY27, the analyst tells investors in a research note. BMO adds however that it remains positive on Oracle’s ability to re-accelerate growth including software growth, along with growth in operating income.
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