By Hillary Remy
Publication Date: 2026-03-25 15:40:00
Bank of America just resumed reporting on Oracle (ORCL) with a Buy rating and a $200 price target. The call comes from analyst Tal Liani, who described Oracle as “a giant going all-in.” AI Infrastructure and the Cloud.” The target implies an increase of around 30% from current levels.
The stock traded between $148 and $155 on March 24 and 25. It has fallen sharply since its peak of $345.72 in 2025. Bank of America’s target is well below the Street consensus of around $250 to $265. But Liani’s thesis is focused and concrete. It focuses primarily on one number.
Oracle’s remaining performance obligations (RPO) were $553 billion last quarter. That is 325% more than in the previous year. It’s also a $29 billion increase from the previous quarter.
RPO represents contracted future revenue. It is a task that Oracle has already been tasked with. Most of the increase in the third quarter came from large-scale AI contracts. Oracle noted that many of these deals involve upfront payments from customers or…
