Reported 1 day ago
UBS analyst Karl Keirstead has significantly raised Oracle Corporation's price target to $360, citing a projected rise in the company's cloud infrastructure revenue from $10 billion in FY25 to $144 billion by FY30. This optimistic forecast is bolstered by a reported $317 billion backlog and a lucrative contract with OpenAI for computing power. While there are diverse revenue streams contributing to this growth, the concentration on OpenAI does present a risk. Despite this, Oracle's tight operational management indicates promising prospects in its operating income and overall revenue.
Source: YAHOO