Piper Sandler analyst Brent Bracelin raised the firm’s price target on Oracle (ORCL) to $380 from $330 and keeps an Overweight rating on the shares. The firm says Oracle’s highly anticipated analyst day revealed updated long-term targets, including $225B revenue in FY30. Underpinning this is an impressive 75% 5 year OCI CAGR expected to drive the cloud infrastructure business to $166B in revenue scale by FY30. Piper was also encouraged by RPO that has now exceeded $500B, additional OCI GM clarity, and $21 EPS target for FY30.
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