Why Wall Street Analysts Say the Record Run for Oracle Stock is Just Getting Started

Core Insights - Oracle's stock has surged 36% to a record high of approximately $328, nearly doubling in value since the beginning of the year, driven by strong demand for AI infrastructure [2][7] - Analysts from Deutsche Bank, Jefferies, Bank of America, and Citi have raised their price targets for Oracle, reflecting confidence in its competitive advantage in the AI sector [4][5][7] Financial Performance - Oracle reported a backlog of $455 billion, which has more than quadrupled from the previous year, indicating robust business growth [3] - The company secured four multibillion-dollar contracts in its fiscal first quarter, with expectations for additional contracts in the near future [3] Analyst Sentiment - Deutsche Bank raised its price target for Oracle from $240 to $335, citing the company's strong performance and competitive positioning in the AI market [4] - Jefferies increased its target to $360, while Bank of America set a target of $368, labeling Oracle as a "key AI enabler" [5] - Citi analysts view Oracle as a "unique megacap AI winner" following strong quarterly contract signings [8] Future Outlook - Investors are anticipating further details from Oracle at its upcoming AI event, where the company plans to unveil a new AI service [7][8]