Wall Street analysts are optimistic heading into Oracle’s earnings release Wednesday after the bell. The cloud company is expected to earn $1.64 per share on revenue of $15.59 billion, LSEG said. Shares of the tech company have gained more than 7% this year. However, the highest price target on the Street suggests the stock could rise 13% from Tuesday’s close of $177.48. Most analysts have pointed to its Oracle Cloud Infrastructure, or OCI, business as a key asset in its portfolio. Strong bookings from OCI customers could continue to boost the company’s fundamentals. Here’s what analysts had to say heading into Oracle’s report. While they stood by their current ratings of Oracle stock, several boosted their price targets on shares heading into the print. JPMorgan keeps neutral rating and $135 per share price target Analyst Mark Murphy’s target implies about 24% downside from Tuesday’s close. “Heading into Oracle’s FQ4 (May) earnings results, our thesis remains that core AI infrastructure bookings remain robust across the technology landscape, which should be a positive signal for Oracle’s cloud infrastructure business. … While we appreciate Oracle’s long-term opportunity and recurring business model, we view the risk-reward dynamic as balanced at these levels.” Morgan Stanley reiterates equal weight rating but lifts price target to $175 from $160 The bank’s renewed forecast corresponds to downside of 1%. “Confidence in OCI bookings strength should increase investors’ appetite to buy into a FY26 rev/eps acceleration, creating a potential look-thru event should Q4 revs disappoint. We lean positive on underpriced OCI optionality (Stargate/Sovereigns), attractive positioning, and a reasonable valuation.” Citi keeps neutral rating, raises price target to $186 per share from $160 Citi’s target calls for 5% upside going forward. “Heading into ORCL’s Q4 print, we have increased confidence in company fundamentals (database modernization + good bookings +strong Federal contracts) but see risk to near-term street P/L estimates … We view intra-Q read-throughs on capex + consumption as healthy signals for OCI. That said, like prior Qs we see near-term street estimates and potentially FY26 targets as too aggressive, which could drive negative revisions. We acknowledge that ORCL’s revenue should accelerate and we would look to get more constructive on greater conviction around the pace of profitability improvement in OCI and a database acceleration/ modernization story. We slightly raise our top-line estimates but remain slightly below consensus on FY26 operating margins.” Jefferies maintains buy rating, lifts price target to $200 from $190 Analyst Brent Thill’s forecast is nearly 13% above Oracle’s Tuesday closing price. Price targets at both BMO Capital Markets and Deutsche Bank are also at $200. “ORCL trades at 31x CY26 GAAP EPS vs MSFT at 29x. While ORCL’s multiple expansion in the last twelve months has been primarily driven by accelerated backlog growth and optimistic guidance, we think there is room for the stock to grind higher if backlog growth starts to translate into revenue growth.” BMO Capital Markets keeps market perform rating, raises target price to $200 from $175 “We are introducing our ORCL FY27 estimates, and our updated capex and depreciation analysis leads us to believe that operating margins will be lower in both FY26 (already guided) and FY27, due to depreciation pressure. With that said, we think ORCL can reasonably grow operating income dollars by double-digits in FY27 due to revenue acceleration. Additionally, higher conviction in improved database growth would allow us to get more constructive on the stock, all else equal, and recent channel feedback has been positive.” Deutsche Bank reiterates buy rating, keeps price target at $200 “Our checks heading into results on Wednesday June 11th remain constructive in terms of improving enterprise momentum, growing adoption and usage of OCI and Database@Cloud, and the setup for Cloud acceleration in FY26. With reports of increased y/y volume of 7-8 figure deals and anecdotes from multiple different sources of Oracle not pushing or even holding off closing other large deals into quarter-end, we suspect a very strong F4Q result from a traditional enterprise bookings perspective.” — CNBC’s Michael Bloom contributed to this report.
