Oracle price target raised to $175 from $145 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the firm’s price target on Oracle (ORCL) to $175 from $145 and keeps an Equal Weight rating on the shares. . In Oracle’s Q2, the remaining performance obligation figure stepped down from $99B to $97B, which while still up 50% year-over-year in constant currency, suggests bookings declined about 11% year-over-year, the analyst tells investors. With bookings growth turning negative, investor focus shifts back to the income statement, where both Q2 and the Q3 guidance “fell shy of investor expectations,” adds the analyst, who views Oracle shares as likely to remain range bound as investors assess whether bookings momentum can return. The firm raised its target as it rolls forward valuation to calendar year 2026, the analyst noted.