Oracle Shares Jump 10.99% After DA Davidson Buy Upgrade with $180 Target
DA Davidson upgraded Oracle from Neutral to Buy with a $180 price target unchanged, driving shares up 10.99% in one session. The firm cited Oracle’s $300 billion infrastructure deal with OpenAI and expected fresh funding for OpenAI commitments as the primary catalyst.
1. Analyst Upgrade and Stock Reaction
DA Davidson raised Oracle’s rating to Buy from Neutral while maintaining a $180 price target, triggering a 10.99% intraday surge in shares. The upgrade reflects increased analyst confidence after removing what had been viewed as an overhang on the company’s outlook.
2. OpenAI Infrastructure Deal
Oracle holds a $300 billion multi-year infrastructure agreement with OpenAI, and DA Davidson pointed to anticipated fresh capital enabling OpenAI to fulfill commitments tied to Oracle’s cloud services. Analysts view this agreement as a key catalyst for revenue growth in 2026.
3. Technical Indicators and Price Levels
The stock is trading 9.6% below its 20-day simple moving average and sits in oversold territory with a 27.25 RSI, suggesting a potential rebound. Key support is at $154.50 and resistance at $163.50, while a January death cross underscores prevailing bearish momentum.