Oracle price target raised to $120 from $84 at Stifel

Stifel analyst Brad Reback raised the firm’s price target on Oracle to $120 from $84 and keeps a Hold rating on the shares following the company’s “solid” fiscal Q4 report. While Stifel sees Oracle as “a continued beneficiary” of the proliferation of AI workloads, this will cause some challenges for margins with heightened investment needed to keep capacity ahead of demand. Given AI tailwinds and existing customers continuing to lift and shift on-premise workloads to OCI, the firm expects “consistent short-term results,” Stifel added.