Guggenheim analyst John DiFucci raised the firm’s price target on Oracle (ORCL) to $250 from $220 and keeps a Buy rating on the shares after having hosted a full day of virtual investor meetings with Oracle SVP IR Ken Bond. The firm believes Oracle is “on the precipice of a narrative shift that has been decades of technology innovation in the making” and believes it is clear that revenues will likely accelerate in “a big way” in FY26 and FY27, says the analyst, who adds that it is likely that the FY29 revenue target of $104B will “prove to be far too low.” The analyst continues to view Oracle as a “Best Idea,” it was noted.
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