By Joel South
Publication Date: 2026-03-24 15:02:00
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Oracle (ORCL) reported cloud infrastructure revenue growth of 84% year-over-year to $4.89 billion in the third quarter of fiscal 2026. Remaining performance obligations stood at $553 billion (up 325% year-over-year), providing exceptional visibility into contracted future revenue, while Bank of America upgraded the stock to Buy with a $200 price target.
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Oracle must convert its massive contracted backlog into recognized revenue while managing a $50 billion capital expenditure program and negative free cash flow of -$24.7 billion while scaling AI infrastructure capacity to meet demand outstripping supply.
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Have you read? The new report turns retirement planning on its head? Americans are answering three questions and many are realizing they can retire sooner than expected.
oracle (NYSE:ORCL) This analyst call has had a turbulent period. Shares have fallen 24.20% year-to-date and are about 55% below their 52-week high of $345.72. The stock is currently trading at around $147.94 and still sparks some hope among the broader analyst community that…
