Oracle Stock Upgrade On AI Surge, OpenAI Deal Seen Fueling Growth
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Oracle Corp (ORCL) has been upgraded to Overweight by Piper Sandler analyst Brent Bracelin, who raised the price target from $190 to $270. The upgrade is driven by increasing enterprise demand for AI infrastructure and the potential growth from the OpenAI-Stargate opportunity. A recent CIO survey shows a rise in spending intentions for Oracle's OCI, indicating a strong enterprise appetite. Earnings estimates for fiscal 2026 and 2027 have also been increased. Oracle shares rose by 0.22% to $235.83 at the time of publication.
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