Piper Sandler analyst Brent Bracelin upgraded Oracle (ORCL) to Overweight from Neutral with a price target of $270, up from $190. The firm’s latest chief investment officer survey reinforced a “bullish spending backdrop” for artificial intelligence infrastructure. For Oracle, increasing enterprise demand could “add another layer” of growth to the the company’s OpenAI-Stargate opportunity, the analyst tells investors in a research note. Piper upped fiscal 2027 estimates and the stock’s rating as a result.
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