Key Takeaways
- Oracle’s fiscal Q4 2026 earnings announcement is scheduled for Wednesday, June 10, after market close
- Bank of America upgraded its price objective to $240 from $200 while maintaining a Buy recommendation
- Citi’s Tyler Radke boosted his price objective to $330, suggesting approximately 56% potential upside
- Shares have surged roughly 48% during the last two months but declined approximately 13% in the previous week
- Consensus among Wall Street analysts points to a Strong Buy recommendation, with 28 Buy ratings against 5 Hold ratings and an average price objective of $268.44
Oracle is currently valued at approximately $211.82 as investors await the company’s fiscal fourth-quarter 2026 financial results, scheduled for release following Wednesday’s closing bell on June 10.
Shares have experienced a remarkable rally of around 48% during the preceding two months, though recent market turbulence has contributed to a roughly 13% pullback over the past week leading up to the earnings announcement.
Bank of America Securities upgraded its price objective for Oracle to $240 from $200 this Monday, while reaffirming its Buy recommendation. According to the firm, the post-Q3 earnings rally has been fueled primarily by strength across the broader software sector and diminished concerns about financing, particularly after the company secured approximately $50 billion through recent debt and equity offerings.
BofA’s revised target reflects a valuation of 26.5 times its calendar year 2027 earnings projection, an increase from the previous 22 times multiple.
Analyst Expectations and Forecasts
Citi analyst Tyler Radke maintains a more optimistic outlook. He elevated his price objective to $330 from $320, indicating potential upside of roughly 56% from present trading levels, while retaining his Buy recommendation.
Radke anticipates Oracle will deliver revenue and profitability figures near the high end of its provided guidance. He also projects that IaaS growth will continue its positive trajectory, with robust OCI performance compensating for weaker SaaS outcomes.
For the upcoming quarter, Radke’s forecast suggests net new remaining performance obligations (NNRPO) could reach approximately $600 billion, driven by widespread demand throughout cloud infrastructure offerings.
For fiscal Q1 projections, he anticipates cloud guidance suggesting growth near 60%, with capital expenditure potentially surpassing $80 billion during fiscal 2027.
Evercore ISI forecasts Q4 revenue reaching $19.0 billion, representing a 19.5% year-over-year expansion, alongside EPS of $1.95 — marginally below the $1.96 consensus estimate.
Diverse Price Targets Reflect Bullish Sentiment
TD Cowen has established a $300 price objective. Oppenheimer maintains a $275 target. Evercore ISI stands at $245. Barclays carries an Overweight designation with a $240 objective.
Guggenheim represents the most optimistic position among major analysts, sustaining a Buy recommendation with a $400 price objective, citing Oracle’s recent capital raising activities and the significant OpenAI financing round as encouraging signals.
Oracle presently commands a P/E ratio of 38. According to BofA’s InvestingPro analysis, the company’s overall financial health receives a “GOOD” rating at 2.56, although the assessment indicates the stock may be somewhat overvalued compared to its Fair Value calculation.
Wall Street’s average price objective stands at $268.44, representing approximately 27% upside potential from current trading levels. The consensus view, derived from 28 Buy recommendations and 5 Hold ratings, designates ORCL as a Strong Buy.
Following its Q3 fiscal 2026 earnings report, Oracle registered a stock appreciation of 30%, and has gained 45% since Bank of America reinitiated coverage in March.
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