Oracle price target raised to $190 from $175 at Evercore ISI

Evercore ISI raised the firm’s price target on Oracle (ORCL) to $190 from $175 and keeps an Outperform rating on the shares. Oracle “capped off a very positive week” that started with “solid” fiscal Q1 results with a “very bullish” initial long-term outlook at its financial analyst meeting, the analyst tells investors. Oracle is now expecting FY26 revenue to be above $66B, which implies greater than 12% revenue growth in FY26, and the company expects FY29 revenue to be about $104B, which implying a 16% revenue CAGR, coupled with EPS growth accelerating to about 20% in FY29, Evercore noted. Seeing revenue growth accelerate over FY25 is “the first step towards these long-term goals,” but the momentum in Oracle’s hyper-scale cloud business is showing up and there is now a bigger potential opportunity for the database business given Oracle’s new cloud partnerships with the likes of Amazon’s (AMZN) AWS, Microsoft’s (MSFT) Azure and Google’s (GOOGL) GCP, the analyst added.