By TradingView
Publication Date: 2026-06-03 12:33:00
oracle ORCL The company received new support from UBS, which increased its price target from $250 to $285 and maintained its “Buy” rating. She noted the continued strength of the company’s AI and cloud initiatives ahead of fourth-quarter results expected next week.
UBS said its recent research into four major Oracle customers and partners, as well as a contractor involved in the company’s AI data center project in Abilene, Texas, indicated ongoing demand trends. The company said it found no signs that Oracle’s recent momentum has slowed.
Oracle is expected to report fiscal fourth-quarter results for the period ended May 31 next week. UBS said investors will likely focus on management’s comments around fiscal 2027, particularly as the company expands its AI infrastructure and cloud capacity.
The brokerage values Oracle at 27 times forecast non-GAAP earnings per share for calendar year 2027 and said it remains positive on companies that would benefit from heavy cloud and AI spending.
