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Scotiabank starts Oracle with an Outperform amid ‘white heat of AI revolution’

As previously reported, Scotiabank initiated coverage of Oracle (ORCL) with an Outperform rating and $300 price target While the firm sees Oracle transitioning into “a new paradigm” and reinventing itself as the Tier-1 independent AI infrastructure provider, it thinks many investors are taking a “see it to believe it” approach in GPU-as-a-service. However, the firm’s work points to “the white heat of the AI revolution” driving Oracle Cloud Infrastructure to grow faster than company guidance in FY26, the analyst tells investors.

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