Overview

• Baird initiated Oracle at Outperform with a $365 price target on Oct. 9, calling it a prime beneficiary of accelerating AI infrastructure spending.
• Mizuho reiterated an Outperform and $350 target on Oct. 7, downplaying a report on weak AI margins and flagging next week’s AI World/Analyst Day as a key catalyst.
• Oracle reported $455 billion in remaining performance obligations for fiscal Q1 2026, with contracts that include OpenAI, xAI, Meta, Nvidia and AMD.
• Management projects Oracle Cloud Infrastructure revenue of $18 billion in fiscal 2026 and $73 billion by fiscal 2028 as it scales AI workloads.
• Jim Cramer praised the company’s track record but warned it may be overspending on data centers, noting it could turn to equity or bonds if needed.