Banking giant sets Oracle stock price target

Bank of America (BofA) has reinstated coverage of Oracle (NASDAQ: ORCL) with a “Buy” rating and a $200 price target, suggesting a roughly 30% upside from March 24 levels.Citing key growth catalysts, the bank pointed to rising demand for artificial intelligence (AI) infrastructure and cloud services, as well as a substantial backlog of long-term contracts. Analysts, led by Tal Liani, described Oracle as “a giant going all-in on AI infrastructure and the cloud,” adding the renewed coverage reflects the view t ...