By Sheryar Siddiq
Publication Date: 2026-03-26 07:27:00
Oracle Corporation (NYSE:ORCL) is one of the The best rebound stocks to buy right now. On March 13, Argus lowered its price target on Oracle Corporation (NYSE:ORCL) from $384 to $225, but maintained a Buy rating on the company’s shares. Analyst Joseph Bonner expressed concerns about whether improvements to the company’s backlog will translate into actual revenue.
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Oracle Corporation (NYSE:ORCL) beat earnings estimates and upgraded its guidance in its fiscal third quarter of 2026. The company reported revenue of $17.2 billion, above the consensus estimate of $16.9 billion. Notably, Oracle’s Infrastructure as a Service revenue rose 84% year-over-year to $4.9 billion, exceeding the public’s expectations of $4.7 billion.
As Oracle Corporation (NYSE:ORCL) pursues its prospects for an enterprise cloud transformation, cloud revenue has emerged as a key growth driver. Management expressed confidence that demand for its cloud infrastructure services will increase in the long term.
