Oppenheimer raised its price target for Oracle Corp. (ORCL) to $235. The previous target was $210. The firm maintained an Outperform rating on the stock.
Strong technology infrastructure spending related to artificial intelligence drives the positive outlook. Analysts identified this trend through reports from Oracle's key customers and partners.
Oppenheimer anticipates potential upside in Oracle's upcoming fourth-quarter fiscal 2026 results. The firm expects solid bookings growth from major clients including OpenAI, Meta, and NVIDIA.
Contributions from Microsoft further support the growth trajectory. These partnerships reinforce Oracle's position as a primary beneficiary of ongoing AI infrastructure investment.