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Key Takeaways
- Oracle shares are on pace to hit a record-high closing price Tuesday.
- Jefferies raised its price target for Oracle stock, pointing to a recent cloud deal expected to generate $30 billion a year in revenue.
- The cloud services giant’s shares have risen more than 40% so far in 2025 as demand for AI computing power has surged.
Oracle (ORCL) has a new top bull on Wall Street. Jefferies raised its price target for the cloud computing giant’s stock to $270 from $220, the most bullish target among firms tracked by Visible Alpha.
Shares of Oracle traded 2% higher intraday at approximately $238, which would be a record-high closing price and put the stock up 43% for 2025. Jefferies’ new $270 target implies roughly 13% upside. The mean target among Wall Street analysts is about $219, per Visible Alpha.
The broker said Oracle’s recent cloud deals, including one expected to generate revenue of $30 billion a year starting in fiscal 2028, “represent a pivotal moment in its evolution.”
Oracle didn’t specify the client in that particularly deal, but Jefferies suggested it could be ChatGPT developer OpenAI. The two companies are partners in the Stargate AI infrastructure initiative, and Oracle last week agreed to rent 4.5 gigawatts of data center capacity to OpenAI, according to a Bloomberg report.
In addition to Jefferies’ target hike, analysts at Stifel last week reportedly raised their price target for Oracle stock to $250 per share from $180, pointing to Oracle’s strong cloud growth.
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