By Ghazal Ahmed
Publication Date: 2026-06-08 12:50:00
Oracle Corporation (NYSE:ORCL) is one of the
14 AI stocks are making headlines on Wall Street: Qualcomm, Microsoft and more.
Wall Street appears to be a bit cautious about Oracle’s 4Q data. On June 2, Scotiabank analyst Pat Colville increased the stock’s price target from $215 to $290, reiterating a “Sector Outperform” rating.
After a 71% rise in ORCL shares over the past three months, we’re a bit cautious about Oracle’s 4Q data.
Analysts at Scotiabank say Oracle’s forecast for FY27 capital spending could approach $100 billion, well above the Street. While these higher costs may be passed on to customers, analysts are not yet raising their Oracle Cloud Infrastructure revenue target for fiscal 2027 due to a lack of certainty about contract details.
Aside from this concern, the company’s analysts are otherwise bullish on their FY27 OCI estimate given management’s comments that data center development is “on the rise.”
