Oracle price target raised to $185 from $175 at Piper Sandler

Piper Sandler analyst Brent Bracelin raised the firm’s price target on Oracle to $185 from $175 and keeps an Overweight rating on the shares. The higher target reflects the company’s “bold and ambitious” fiscal 2029 revenue marker of $104B and the fiscal 2026 revenue raise to $66B from $65B, the analyst tells investors in a research note. The firm believes the management team has increasing confidence in the underlying drivers of a sales recovery, led by cloud and artificial intelligence secular drivers. Prospects of a multi-quarter reacceleration could evolve into a multi-year acceleration, warranting multiple expansion, Piper contends.