Bank of America Reinstates Oracle Coverage with $200 Target, 30% Upside
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowBank of America's analyst Tal Liani has reinstated coverage of Oracle (ORCL) with a Buy rating and a price target of $200, indicating a potential upside of approximately 30% from current trading levels. The stock traded between $148 and $155 on March 24 and 25, significantly declining from its peak of $345.72 in 2025. Oracle's remaining performance obligations (RPO) reached $553 billion, a 325% increase year-over-year. Additionally, Oracle reported Q3 FY2026 revenue of $17.2 billion, a 22% year-over-year increase, and raised its FY2027 revenue target to $90 billion.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Oracle Corporation (ORCL)
Oracle is an enterprise-software veteran best known for its databases, now expanding aggressively in cloud infrastructure and applications.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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