BofA Securities raised its Oracle (ORCL) price target to $240 from $200. The firm maintained its Buy rating ahead of fourth-quarter earnings scheduled for June 10. Analysts cited robust demand trends for cloud infrastructure and database services.
A higher valuation multiple reflects software sector strength and reduced concerns regarding capital spending. Recent financing of approximately $50 billion supports aggressive data center expansion to meet AI-driven demand. Evercore ISI and UBS also recently increased their price targets for the company.