Oracle Stock Upgrade On AI Surge, OpenAI Deal Seen Fueling Growth
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Zinger Key PointsLatest CIO survey indicates bullish AI infrastructure spending backdrop.Net spending intentions for Oracle OCI has risen to 27% CIOs.Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up OnOracle CorpORCLis poised to benefit from rising enterprise demand for AI infrastructure, according to Piper Sandler.The Oracle Analyst:AnalystBrent Bracelinupgraded the rating to Overweight, while raising the price target from $190 to $270.The Oracle Thesis:The bullish AI infrastructure spending backdrop could "add another layer of growth to the outsized OpenAI-Stargate opportunity," Bracelin said in the upgrade note.Check outother analyst stock ratings.The latest CIO survey indicates the emergence of "additional upside levers" for Oracle, he stated."Net spending intentions for CIOs on Oracle OCI shot up to 27% (versus 18% in the prior survey), hinting at a growing enterprise appetite on top of the existing OpenAI/Stargate agreement that is poised to support triple-digit backlog growth during F2026," the analyst wrote.He raised the earnings estimates for fiscal 2026 and 2027 from $6.60 per share to $6.65 per share and from $7.91 per share to $8 per share, respectively.ORCL Price Action:Shares of Oracle had risen by 0.22% to $235.83 at the time of publication on Thursday.Read More:ā¢Amazon May Pour Billions More Into Anthropic As $13.8 Billion AI Bet Grows: ReportPhoto: Rokas Tenys via ShutterstockLoading...Loading...ORCLOracle Corp$235.66-0.06%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock ā anytime.Reveal Full ScoreEdge RankingsMomentum92.18Growth55.84QualityN/AValue13.41Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIsĀ© 2025 Benzinga.com. . .EarningsAnalyst RatingsOptionsDividendsIPOsdateā²ā¼tickerā²ā¼nameā²ā¼Price Targetā²ā¼Upside/Downsideā²ā¼Recommendationā²ā¼Firmā²ā¼Click to see moreAnalyst RatingsupdatesAnalyst CalendarJoin Benzinga Edge and unlock all the major upgrades, downgrades, and changes to the market's most accurate analysts.Click to JoinPosted In:Analyst ColorUpgradesPrice TargetTop StoriesAnalyst RatingsTechTrading Ideas