Oracle Stock Rises on Oppenheimer Upgrade as Cloud Expansion Drives Optimism
Oracle shares climbed 1.2% to $147.89 after Oppenheimer upgraded the stock to Outperform, citing a favorable risk/reward profile post-selloff. Analyst Brian Schwartz set a $185 price target, projecting potential earnings doubling by 2030 if execution holds. The stock edged higher to $148.25 in extended trading.
Cloud infrastructure growth remains pivotal. Oracle’s OCI platform is gaining traction with marquee clients—AMD, Meta, Nvidia, OpenAI among them—though broader adoption metrics will crystallize with the March 9 earnings report. Funding plans include $45B-$50B in equity and debt offerings by 2026, a liquidity MOVE watched for cloud-capacity scalability.