<\/p>\n
Oracle (ORCL) stock closed the June 2 trading session down 1.44% at $244.58. Despite this slight drop, the stock is now up about 25.48% year to date, at the time of writing, Wednesday morning, June 3.<\/p>\n
Meanwhile, the SPDR S&P 500 Index (SPY) is up about 11.39% in the same period. Oracle has decently outpaced the S&P 500, but if we were looking at the stock\u2019s performance just a week ago, things would have been quite different.<\/p>\n
If we go back to May 27, things get more interesting, as it closed at $190.96 on that date. This means it has soared about 28% in a week.<\/p>\n
Investors are eagerly awaiting Oracle\u2019s fourth-quarter (Q4) fiscal year (FY) 2026 earnings report, set for June 10, and analysts are resetting their price targets.<\/p>\n
Key news for Oracle stock:Oracle gained $100 billion in market cap after announcing an expanded partnership with Amazon Web Services (AMZN) on April 16.The company canceled a huge order of Nvidia GB300 NVL72 racks from Super Micro Computer (SMCI). This was a contract estimated at $1.1 billion to $1.4 billion.Oracle laid off 20,000 to 30,000 employees, Forbes reported on April 6.<\/p>\n
UBS raised Oracle stock price target.<\/p>\n
Shutterstock<\/p>\n
UBS raises Oracle stock price target<\/p>\n
UBS analyst Karl Keirstead updated his opinion on Oracle ahead of the earnings report, according to Investing.<\/p>\n
He is a 5-star-rated analyst with a 64% success rate and an average return of 15.0%, according to TipRanks.<\/p>\n
Keirstead said that after receiving feedback from Oracle\u2019s four large customers, partners, and one contractor on the data center build-out at Abilene, Texas, he doesn\u2019t believe there has been any setback in momentum.<\/p>\n
More tech stocks:<\/p>\n
5-star analyst sets jaw-dropping Nvidia stock price targetBank of America resets Microsoft stock forecast after earningsBank of America resets Google stock forecast after key event<\/p>\n
The analyst reiterated a buy rating for Oracle stock and raised the price target to $285 from $250, based on a 27x multiple of his calendar-year 2027 estimate for non-GAAP earnings per share. His price target implies an upside of 16.5% from the last closing price.<\/p>\n
UBS isn\u2019t the only bank that raised its price target for Oracle ahead of earnings. Scotiabank reiterated an outperform (buy) rating and raised the price target to $290 from $215, according to TipRanks.<\/p>\n
Of 42 analyst ratings, 32 rate Oracle a buy, nine rate it a hold, and one rates it a sell, with an average price target of $263.62, according to MarketBeat.\u00a0<\/p>\n
We can see that Keirstead is among the more bullish analysts on Oracle. We should also take a look at what analysts who aren\u2019t bullish think.<\/p>\n
Morgan Stanley remains neutral on Oracle<\/p>\n
In a research note shared with me from April 23, Morgan Stanley analyst Keith Weiss and his team updated their opinion on Oracle stock. The team hasn\u2019t issued any more updates since.<\/p>\n
Analysts noted that Oracle\u2019s customer concentration is a key risk, but they believe recent data points and ecosystem developments are constructive.<\/p>\n
Weiss reiterated an equal-weight (hold) rating for Oracle stock and lowered the price target to $207 from $213, based on a 25x multiple of his estimate for non-GAAP EPS for fiscal year 2028 of $8.28.<\/p>\n
Along with the base case for Oracle\u2019s stock, Morgan Stanley\u2019s analysts also presented a bear case, with a price target of $75.00. They wrote: \u201cOur bear case assumes Oracle below historical averages given lack of confidence towards accelerating EPS growth in the out years as [GPU-as-a-Service] opportunity falls meaningfully short of expectations.\u201d<\/p>\n
Morgan Stanley analysts noted downside risks for Oracle stock:Challenges in ramping up OCI capacity.Weaker than expected OCI gross margins.GPUaaS capacity investments drive substantial leverage.Disruptive technologies in the data management market.Upside potential for Oracle:Faster than expected OCI capacity ramps.Stronger than expected OCI gross margins.Accelerated adoption of Fusion Apps and Cloud.Database across the installed base.Acceleratedmarket share gains in non-AI Cloud.<\/p>\n
Related: Bank of America resets Nvidia stock forecast after key event<\/p>\n
#5star #analyst #resets #Oracle #stock #price #target<\/p>\n","protected":false},"excerpt":{"rendered":"
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