By Lisa Kailai Han
Publication Date: 2026-03-06 12:04:00
According to Jefferies, Oracle’s year-to-date decline may be excessive and the stock is likely to more than double from here. Ahead of Oracle’s fiscal third-quarter earnings release on Tuesday, the bank maintained its buy rating on the old tech tech. And although analyst Brent Thill lowered his price target to $320 from $400, that still represents 107% upside potential from Thursday’s close. Shares of Oracle have fallen 21% this year, sparked by a broader selloff targeting the technology industry over fears of disruption from artificial intelligence. ORCL YTD Mountain ORCL YTD Chart “We see an attractive setup driven by a rare re-acceleration growth story, a highly profitable core software business and lower long-term AI erosion risk, with upside potential of approximately $16 per share through FY29E (20x = $320 shares),” Thill said. Thill wrote that he sees an asymmetric risk-reward trade-off, although his price target cut was due to “more prudent assumptions.” [OpenAI] and margins.” “We believe the market may be overlooking ORCL’s upside potential…”