Oracle price target lowered to $150 from $175 at Stifel

Stifel lowered the firm’s price target on Oracle (ORCL) to $150 from $175 and keeps a Hold rating on the shares. While Oracle missed top-line constant currency growth expectations, the company grew remaining performance obligations 63% year-over-year in constant currency, driven by demand for cloud services. Given the strong RPO growth, management gave about 15% revenue growth guidance for FY26, which is in-line with the $66B FY26 revenue target delivered during the 2024 analyst day, and management also indicated that FY27 revenue growth should be about 20%, Stifel notes. While the firm believes continued solid revenue growth is sustainable, it also believes that meaningful multiple expansion is limited from current levels given recent group multiple compression, the analyst added.