Oracle's Strong Play in OCI and AI Integration: Analysts Echo Optimism on Achievable FY26 Targets
Portfolio Pulse from Anusuya Lahiri
Analysts from Goldman Sachs, Piper Sandler, Stifel, and Guggenheim have reiterated their ratings on Oracle Corp (ORCL) following the company's analyst meeting. Oracle's management reaffirmed its FY26 guidance, including $65 billion in revenue and a 45% operating margin. The analysts highlighted Oracle's strong play in Oracle Cloud Infrastructure (OCI) and AI integration, and its potential for growth in the coming years. The company's shares traded higher by 0.11% at $109.55 on the last check Friday.
September 22, 2023 | 7:20 pm
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Oracle Corp (ORCL) has received positive feedback from analysts following its analyst meeting, with a focus on its strong play in OCI and AI integration. The reaffirmation of its FY26 guidance has also been noted positively.
The news is directly about Oracle Corp and its future prospects. The positive feedback from analysts and the reaffirmation of its FY26 guidance are likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100