Core Viewpoint - Bernstein believes Oracle's cloud computing business is in the early stages of takeoff and will experience rapid growth in the coming years [1][2] Group 1: Analyst Ratings and Price Targets - Bernstein analyst Mark Moerdler reiterated an "outperform" rating for Oracle and raised the target price from $269 to $308, reflecting strong confidence in the company's long-term prospects [1] - Bank of America also raised Oracle's target price from $220 to $295 while maintaining a "neutral" rating, citing strong demand for AI infrastructure as a positive for Oracle's cloud services [2] Group 2: Growth Projections - Moerdler expects Oracle to achieve an average annual revenue growth of "mid-teens" (13%-17%) over the next 5 to 10 years [2] - Despite potential short-term impacts on free cash flow due to investment spending, Oracle is projected to see significant long-term improvements [2] Group 3: Cloud Services and AI Integration - Oracle is rapidly becoming a preferred third-party cloud service provider for leading AI large model companies and maintains a close partnership with Nvidia [1] - Four out of the five major global AI language model developers are reportedly using Oracle's data centers [1] Group 4: Future Revenue Contributions - Oracle's CEO Safra Catz indicated a strong start to the fiscal year, with multiple large cloud service agreements signed, including one expected to contribute over $30 billion annually starting in fiscal year 2028 [2]