Bank of America Sees 20% Upside, Raises Oracle Price Target to $240
ORCL•Bank of America boosted Oracle’s price target to $240 from $200, citing accelerating AI and cloud demand and the $50 billion debt and equity raises that eased funding concerns. Wall Street forecasts fiscal Q4 revenue of $19.19 billion (20% year-over-year growth) and adjusted EPS of $1.96 (15% rise).
1. BofA Raises Price Target
Bank of America increased Oracle’s target price to $240 from $200 and maintained a Buy rating, citing sustained momentum in AI and cloud services and the company’s successful $50 billion debt and equity raise that alleviated funding concerns.
2. Q4 Earnings Forecasts
Analysts project fiscal Q4 revenue of $19.19 billion—a 20% increase year-over-year—and adjusted earnings of $1.96 per share, up 15%, marking the first earnings call with CFO Hilary Maxson at the helm.
3. AI-Driven Infrastructure Growth
Oracle’s data-center expansion for AI workloads and its relationships with major AI firms underpin robust demand; OCI revenue growth is expected to outpace the broader cloud market as the company competes with hyperscalers.
