In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Oracle (ORCL – Research Report), with a price target of $190.00.
Brent Thill has given his Buy rating due to a combination of factors that highlight Oracle’s strong market position and growth potential. During a recent visit to Oracle’s data center in Salt Lake City, it was evident that the demand for Oracle’s services continues to exceed supply, indicating robust market interest and potential for expansion.
Furthermore, Oracle’s comprehensive AI strategy, which spans infrastructure, agents, and applications, positions it well for future growth. The anticipated growth is expected to be driven by the conversion of remaining performance obligations (RPO) into revenue, facilitated by the launch of additional data centers. Thill’s analysis of the duration-weighted RPO components reinforces his confidence in Oracle’s ability to achieve its medium-term targets, justifying the Buy rating.
In another report released on March 31, Westpark Capital also initiated coverage with a Buy rating on the stock with a $195.00 price target.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORCL in relation to earlier this year.