Wedbush lifts Oracle target to $275 on AI growth bets

MSN
2026.05.16 13:51
portai
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Wedbush raised Oracle's price target to $275 from $225, driven by strong AI infrastructure momentum and a record $553 billion backlog. Oracle's cloud infrastructure revenue increased by 84% year-over-year, enhancing profitability and investor confidence. The upcoming June 8 earnings report will assess Oracle's ability to convert its backlog into revenue as anticipated.