Oracle Upgraded to Buy with $180 Target on Revamped OpenAI Optimism
On February 9, DA Davidson upgraded Oracle from Neutral to Buy, setting a $180 price target. The firm cited a revamped OpenAI removing Oracle’s biggest overhang and positioning it to capture stronger AI deal momentum.
1. DA Davidson Raises Oracle to Buy
On February 9, DA Davidson shifted its rating on Oracle from Neutral to Buy and set a price target of $180, reflecting growing confidence in the company’s ability to secure AI-related deals. Analyst Gil Luria highlighted improved sales momentum as a key factor in the upgrade.
2. OpenAI Revamp Eases Overhang
The upgrade stems from expectations that a revitalized OpenAI will fulfill its obligations, alleviating Oracle’s largest risk factor. DA Davidson believes this development positions Oracle to capitalize on renewed AI spending and strengthens its competitive stance in the cloud services market.