BUZZ-Argus raises Oracle PT on strong cloud services demand

Reuters
Jul 09, 2025
BUZZ-Argus raises Oracle PT on strong cloud services demand

** Argus raises Oracle ORCL.N price target to $270 from $235, representing a premium of 15.1% on last close

** Research firm reiterates co's rating to "buy"

** Co's shares slightly rise to $235 in early trading

** Research firm says co's strong revenue and outlook for FY26 and FY27 reflects management's confidence in both the demand environment for its cloud database services and applications and its ability to meet that demand

** "Oracle is in the enviable position of having more demand than it can fulfill" - Brokerage

** Nine of 40 brokerages rate the stock "strong buy", 19 "buy" and 12 "hold"; their median PT is $225

** Including session moves, stock was up 40.1% YTD

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com))

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