Core Viewpoint - Oracle Corp. has been upgraded to a "Buy" rating by Goldman Sachs, with the price target raised to $410 from $240, following a strong first quarter of fiscal 2026, indicating a positive outlook for the company's growth potential [1][2]. Group 1: Growth and Demand - There is accelerating demand for Oracle's cloud services, along with stronger-than-expected bookings, which enhances confidence in the company's AI-driven growth strategy [2]. - The adoption of Oracle's cloud database products is steadily increasing, which is a key component of its long-term business strategy [2]. Group 2: Profitability and Management Guidance - Profitability concerns have eased as management has guided for mid-teens EBIT growth for fiscal 2026, supporting the view that Oracle is entering a stronger growth phase [3]. - The robust bookings performance aligns with the positive outlook, justifying the upgrade to "Buy" [3]. Group 3: Company Overview - Oracle Corp. provides a comprehensive suite of database and cloud computing software and hardware, including databases, relational servers, application development tools, and enterprise business applications [4].
Stronger Growth Prompts Goldman to Upgrade Oracle (ORCL) to Buy, Target Raised to $410