Oracle Corp (NYSE:ORCL) is scheduled to report its fourth quarter results for fiscal 2026 on Wednesday, June 10.



The results are likely to show Cloud growth inflection, with incremental data center capacity coming online, according to BofA Securities.



The Oracle Analyst: Analyst Tal Liani maintained a Buy rating, while raising the price target from $200 to $240.



The Oracle Thesis: New data center capacity becoming available is likely to have enabled more revenue recognition from the company's RPOs (remaining performance obligations), Liani said in the note.



Check out other analyst stock ratings.



He expects Oracle's Cloud PaaS/IaaS to grow 94% year-on-year in the fourth quarter of fiscal 2026, accelerating from 84% in the previous quarter.



&#34;We see Cloud margins and new compute deal announcements as increasingly important areas of focus as the Cloud segment becomes a larger portion of revenue,&#34; the analyst wrote. He further stated that the Cloud segment currently represents 52% of Oracle's total revenues, up from 44% a year ago.



Margins: Liani expects Cloud &amp; Software gross margins to be 70%, almost flat versus the previous quarter, with total gross margin at 67%.



Capex In Focus: Oracle's capital expenditures are likely to be a focus area during the earnings call, as the company continues to &#34;invest aggressively in data center capacity to meet its backlog commitments and overall demand for compute,&#34; the analyst wrote.



Stock Performance: Liani noted that the stock had risen more than 30% since Oracle reported its third-quarter earnings and over 45% since March, driven mainly by:



<ul>
<li>Strength in the broader software market</li>



<li>Reduced funding overhang following Oracle's recent debt and equity raises of around $50 billion</li>
</ul>



The price target had been raised to reflect robust underlying demand across cloud infrastructure and database workloads, he further said.



ORCL Price Action: Oracle shares were down 1.25% at $209.16 at the time of publication on Tuesday, according to Benzinga Pro data.



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Oracle reports after the close on Jun 10 (ET) — Jun 11 morning HK time. Armed with massive AI contracts from OpenAI and xAI, the legacy database giant is doubling down on its bid to become the go-to AI compute landlord. Can it win over the market this time?

Oracle reports after the close on Jun 10 (ET) — Jun 11 morning HK time. Armed with massive AI contracts from OpenAI and xAI, the legacy database giant is doubling down on its bid to become the go-to AI compute landlord. Can it win over the market this time?

Oracle Earnings Ahead: All-In on 'AI Compute Landlord' Play

Oracle reports FY26 Q4 after the US close on June 10. The Street expects about USD 19.1B in revenue, up roughly 20% YoY, with all eyes on cloud. OCI infrastructure surged 84% last quarter and the backlog (RPO) has piled up to around USD 553B, up over 300% YoY, driven by AI contracts. The real question: can Oracle turn that backlog into revenue, build capacity fast enough, and do it without crushing margins? Are you betting on a beat or a miss?

Oracle reports FY26 Q4 after the US close on June 10. The Street expects about USD 19.1B in revenue, up roughly 20% YoY, with all eyes on cloud. OCI infrastructure surged 84% last quarter and the backlog (RPO) has piled up to around USD 553B, up over 300% YoY, driven by AI contracts. The real question: can Oracle turn that backlog into revenue, build capacity fast enough, and do it without crushing margins? Are you betting on a beat or a miss?

Oracle Q4: USD 553B Backlog At Stake!

ORCL

ORCX

BofA Securities analyst Tal Liani raised Oracle's price target to $240, maintaining a Buy rating ahead of Q4 fiscal 2026 earnings on June 10. The upgrade reflects expectations for cloud growth acceleration to 94% YoY, driven by new data center capacity enabling more revenue recognition from remaining performance obligations. Cloud now represents 52% of total revenue. The analyst highlighted aggressive capex investments and strong underlying demand as key drivers for the stock's recent performance.

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Defiance Daily Target 2X Long ORCL ETF

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BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

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Oracle's Cloud Could Accelerate To 94% Growth In Q4 As Capacity Ramps