Oracle (ORCL) Gets Bullish Ratings After Massive Cloud Agreements

Oracle Corporation (NYSE:ORCL) is one of the 10 Buzzing AI Stocks on Wall Street Right NowOn July 1, Citizens JMP analyst Patrick Walravens reiterated a “Market Outperform” rating on the stock with a $240.00 price target.

The rating affirmation follows Oracle’s recent Form 8-K filing, which has disclosed that Oracle had “signed multiple large cloud services agreements, including one that is expected to contribute more than $30 billion in annual revenue starting in FY28.”

The firm continues to remain confident in Oracle’s growth trajectory, predominantly with newly signed cloud service agreements beginning to materialize in the coming fiscal years.

Oracle (ORCL) Gets Bullish Ratings After Massive Cloud Agreements

A large array of computer screens and tech equipment representing the technology company’s self-service cloud-based platform.

A day prior, Barclays analyst Raimo Lenschow reiterated an “Overweight” rating on the stock with a $221.00 price target. The rating affirmation followed expectations for the company shares to move higher in response to its 8K, its filing, which highlighted a strong start to FY26 and disclosed how Oracle has signed multiple large cloud services agreements.

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.

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