By Evette Mitkov
Publication Date: 2026-02-09 18:20:00
Oracle Corp (NYSE:ORCL) Shares are rising on Monday after DA Davidson upgraded the stock to Buy from Neutral. Here is what you want to know.
Why the upgrade?
DA Davidson raised his rating on Oracle to “Buy” and kept his price target unchanged at $180, according to Investing.com wrote. The analyst firm referred to the expectation of a restructuring OpenAI will once again emerge as Google’s biggest challenger in the AI space – a shift that Oracle believes will directly benefit it, as the company has a $300 billion deal with the AI giant.
According to DA Davidson, with fresh capital, OpenAI should be able to meet its commitments this year, including commitments related to Oracle infrastructure. Analysts said the development removes what they see as the biggest overhang on Oracle’s prospects.
What do the technical data show?
Oracle is currently below all major moving averages, indicating a bearish trend. The stock is trading 9.6% below its 20-day SMA, 16.6% below its 50-day SMA and…
