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Oracle price target raised to $210 from $185 at Piper Sandler
The Fly

Oracle price target raised to $210 from $185 at Piper Sandler

Piper Sandler raised the firm’s price target on Oracle (ORCL) to $210 from $185 and keeps an Overweight rating on the shares following quarterly results. A fourth consecutive quarter of accelerating cRPO growth to 20% year-over-year reinforces its confidence in a multi-quarter growth reacceleration that could evolve into a multi-year acceleration, underpinned by cloud and AI secular tailwinds, particularly as Meta (META) joins companies like xAI, Nvidia (NVDA), and Cohere as customers leveraging Oracle’s AI infrastructure, the firm says. While the Oracle Cloud momentum was encouraging, consistent expense discipline coupled with improving margins across cloud applications and infrastructure was equally encouraging, adds Piper.

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