AI Deals Drive Oracle Momentum: Will Q1 Earnings Keep Stock In Fast Lane?

Wall Street expects Oracle Corp ORCL to report $1.32 in earnings per share (EPS) and $13.23 billion in revenues when the company releases first-quarter financials on Monday after market hours.

Investors will likely watch its cloud service momentum amid growing AI demand. Last quarter, Oracle shares rose despite weaker-than-expected earnings, as AI deals with OpenAI and Google boosted confidence in its future outlook.

The stock is up 11.92% over the past year and 36.28% year-to-date.

Let’s look at what the charts indicate for Oracle stock and how the stock currently maps against Wall Street estimates.

Oracle Stock Bullish Ahead Of Q1 Earnings 

Oracle’s stock is currently displaying strong bullish momentum, with the share price of $141.81 trading above its key moving averages, including the five, 20 and 50-day exponential moving averages, signaling continued upward strength.

Chart created using Benzinga Pro

The eight-day simple moving average (SMA) at $140.22 and 20-day SMA at $138.21 both indicate a bullish signal, reaffirming Oracle’s positive trend. Similarly, the 50-day and 200-day SMAs of $138.63 and $122.73 also point to a bullish setup.

Chart created using Benzinga Pro

Oracle’s Moving Average Convergence Divergence (MACD) reading of 1.41 further suggests buying pressure, though the Relative Strength Index (RSI) of 59.06 signals the stock may be approaching overbought levels soon.

Additionally, the Bollinger Bands (25) ranging between $127.10 and $145.56 confirm Oracle’s price is trading in the favorable upper band, reinforcing its technical bullish signal.

Read Also: Oracle, Mission Produce And 3 Stocks To Watch Heading Into Monday

Analysts See Limited Upside

Oracle Ratings & Consensus Estimates: The consensus analyst rating on Oracle stock stands at a Buy. The price target hovers at around $145.15. Recent analyst ratings from Piper Sandler, Morgan Stanley and Guggenheim set an average price target of $150 for Oracle stock. This implies a 5.15% upside.

ORCL Stock Price Action: Oracle stock closed the trading day Friday at $141.81, down 0.56%.

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