Key Takeaways
- Oracle’s fiscal Q4 2026 earnings release scheduled for Wednesday, June 10, after market close
- BofA Securities upgraded price target from $200 to $240 while maintaining Buy recommendation
- Citi’s Tyler Radke increased target to $330, suggesting approximately 56% potential upside
- Shares gained approximately 48% during the last two months but declined roughly 13% this past week
- Street consensus shows Strong Buy rating with 28 Buy recommendations versus 5 Hold ratings, average price target of $268.44
Shares of Oracle are currently trading near $211.82 as investors await the company’s fiscal fourth-quarter 2026 financial results, scheduled for release after Wednesday’s closing bell on June 10.
The enterprise software giant’s shares have surged approximately 48% during the previous two-month period, though recent market turbulence has triggered a roughly 13% pullback over the past week as the earnings announcement approaches.
On Monday, BofA Securities increased its price objective for Oracle from $200 to $240 while reaffirming its Buy recommendation. According to the firm, the post-Q3 earnings rally has been primarily fueled by positive momentum across the software sector and diminished concerns about capital availability, particularly after the company secured approximately $50 billion through combined debt and equity offerings.
BofA’s revised target reflects a valuation multiple of 26.5 times its calendar year 2027 earnings projection, representing an increase from the previously applied 22 times multiple.
Wall Street Expectations and Projections
Citi’s technology analyst Tyler Radke maintains an even more optimistic stance. He lifted his price objective to $330 from $320, indicating potential upside of roughly 56% from present trading levels, while retaining his Buy rating.
Radke anticipates Oracle will deliver revenue and profitability figures toward the high end of company guidance. He also projects continued momentum in IaaS growth, with robust Oracle Cloud Infrastructure (OCI) performance expected to compensate for weaker Software-as-a-Service results.
For the upcoming quarter, Radke’s forecast calls for net new remaining performance obligations (NNRPO) to reach approximately $600 billion, driven by widespread demand across cloud infrastructure offerings.
For fiscal Q1 guidance, he anticipates cloud revenue growth projections around 60%, with capital expenditures potentially surpassing $80 billion throughout fiscal 2027.
Evercore ISI analysts are projecting Q4 revenue of $19.0 billion, representing 19.5% year-over-year growth, alongside EPS of $1.95 — slightly under the consensus estimate of $1.96.
Diverse Price Targets Reflect Bullish Sentiment
TD Cowen has established a $300 price objective. Oppenheimer’s target stands at $275. Evercore ISI maintains a $245 target. Barclays carries an Overweight rating with a $240 price objective.
Guggenheim holds the most aggressive position among major firms, maintaining a Buy rating with a $400 price target, citing Oracle’s recent capital-raising activities and the significant OpenAI funding round as favorable catalysts.
Oracle presently trades at a price-to-earnings ratio of 38. According to BofA’s InvestingPro analysis, the company receives an overall financial health score of “GOOD” at 2.56, although the platform suggests the stock may be trading above its Fair Value calculation.
The Wall Street consensus price target stands at $268.44, representing approximately 27% upside potential from current trading levels. Based on 28 Buy ratings and 5 Hold ratings, analysts assign ORCL a Strong Buy consensus recommendation.
Oracle previously reported a 30% stock appreciation following its Q3 fiscal 2026 earnings announcement, and a 45% gain since BofA reinstated coverage in March.
