Oracle Stock Surges on Nvidia Tailwinds as Analysts Project 25% Upside
Oracle shares (ORCL) gained 1.2% following Nvidia's earnings beat, with Oppenheimer analyst Brian Schwartz upgrading the stock to 'buy' and setting a $185 price target. The projection implies 25% upside potential over the next 12 months, fueled by Oracle's cloud infrastructure positioning in the AI boom.
Technical resistance remains at the $147 level after a 25% YTD decline, but institutional interest is reviving as AI-related stocks rebound. Schwartz notes Oracle's cloud business could drive valuation multiples higher if execution meets expectations.