Oracle Analysts Praise 'Resilient, Sticky' Revenue Stream, AI Growth After CloudWorld Conference

Oracle Corp. ORCL garnered strong reactions from analysts following its Financial Analyst Day at CloudWorld, where the company showcased its ambitious AI and cloud growth targets.

JPMorgan – Neutral with a Raised Price Target

Analyst Mark R. Murphy reaffirmed a Neutral rating, raising the price target from $120 to $140.

He highlighted Oracle's bold FY29 guidance, projecting a $104B revenue target with 16% CAGR post-FY26.

Murphy noted Oracle's “resilient, sticky, and largely recurring revenue stream” and the growth in cloud applications, Oracle Cloud Infrastructure (OCI), and strategic hardware, all of which are driving the company's expansion. He also emphasized Oracle’s >70% recurring revenue base, which contributes to the company's stability.

However, he remains cautious, citing balanced risk-reward dynamics at current stock levels.

JMP Securities – Market Outperform on Cloud Leadership

Analyst Patrick Walravens raised his price target to $175, maintaining a Market Outperform rating.

He was optimistic about Oracle's cloud momentum, noting that the company's organic revenue growth has reached double digits for the first time in over a decade. Walravens credited Oracle's success to its prescient investments in Nvidia Corp‘s NVDA GPU clusters, its multi-cloud architecture, and a growing regional footprint.

Additionally, he underscored the company's massive $745 billion total addressable market and its increasing AI-driven workloads, positioning Oracle as a leader in the cloud space.

BofA Securities: Increasing Price Target to $195

Analyst Brad Sills boosted Oracle's price target from $175 to $195, with an upside of 20.8%.

He highlighted Oracle's focus on OCI, driven by its AI roadmap and data center scale, which is accelerating cloud migrations. Sills was particularly impressed by the company’s ability to offer 10% lower pricing than hyperscalers, which could lead to faster migrations to Oracle's Fusion Cloud suite.

However, he acknowledged that Oracle's cloud transition has taken longer than expected due to the slower growth of legacy segments.

Piper Sandler: $104B Revenue Target Reflects AI Confidence

Analyst Brent A. Bracelin raised his price target to $185, citing Oracle's confidence in AI and cloud growth levers.

He called Oracle's $104 billion FY29 revenue goal "bold and ambitious," and he expressed optimism that these tailwinds will support a multi-quarter acceleration that could extend into a multi-year growth phase. Bracelin believes this confidence in Oracle's top-line recovery justifies further multiple expansion.

Read Also: Oracle Stock Climbs On $104 Billion FY29 Revenue Forecast: What To Know

KeyBanc: AI & Cloud Drive Bullish Outlook

Analyst Jackson Ader was equally enthusiastic, raising his price target from $175 to $190.

Ader emphasized Oracle's revised FY26 revenue target of $66 billion+ and its ambitious FY29 goal of $104 billion, which reflect the company's increasing bullishness on AI and cloud-driven growth. He pointed to Oracle's confidence in AI's ability to enhance its cloud infrastructure, applications, and databases.

Oracle's impressive showing at CloudWorld has strengthened analysts' confidence in the company's cloud and AI capabilities, prompting significant upward revisions in price targets. Analysts believe this momentum will drive long-term growth.

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