Oracle price target raised to $200 from $175 at UBS

UBS analyst Karl Keirstead raised the firm’s price target on Oracle (ORCL) to $200 from $175 and keeps a Buy rating on the shares. UBS says feedback from customers and partners at Oracle’s CloudWorld event in Las Vegas and the Investor Day on Oracle’s top-line growth was overall positive, the analyst tells investors in a research note. The firm says key takes include interest in migrating premium Oracle databases to the Big 3 cloud providers is high and more of a 2025 move, and notes that feedback on near-term overall AI spend was underwhelming, with most focus on code-gen, Microsoft (MSFT) Copilot and internally-built workflow automation apps.