By Joel South
Publication Date: 2026-03-11 15:05:00
Oracle Corporation (NYSE:ORCL) The stock rose over 10% in premarket trading on Wednesday after the company a Earnings report for the third quarter of 2026 This allayed several lingering investor concerns, prompting Barclays to raise its price target, JPMorgan to upgrade the stock and Piper Sandler to reiterate its bullish stance. The results represent the first time in more than 15 years that both total organic revenue and non-GAAP EPS grew more than 20% during the same period, according to Oracle, driven by demand for AI-powered cloud infrastructure that management says continues to outpace supply. Another focus this week is the AI cloud infrastructure peer Nebius Group NV (NASDAQ:NBIS) provides a useful insight into the broader topic of AI cloud expansion that is changing the way Wall Street views enterprise technology.
| ticker | Company Name | company | Old → New Rating | New price target | One-line takeaway |
|---|---|---|---|---|---|
| ORCL | Oracle Corporation | Barclays | Overweight → Overweight (PT increased) | $240 | Key investor concerns were addressed in the third quarter. Shares… |
