Wall Street Has 36 Buy Ratings on Oracle. Here’s How We See 47% Upside

The post Wall Street Has 36 Buy Ratings on Oracle. Here’s How We See 47% Upside appeared first on 24/7 Wall St..

Oracle (NYSE:ORCL) has been one of the most punished mega-cap AI stories of 2026, sliding from a $303.62 peak in October to $152.46 today. Our 24/7 Wall St. price target for Oracle is $223.70, implying 46.73% upside over the next 12 months. The recommendation is buy with high confidence (90%).

How a $303 Stock Became a $152 Stock in Nine Months

Oracle is down 17.27% over the past week, 21.03% in a month, and 31.8% from its September 2025 high.

Q4 FY2026, reported June 10, 2026, delivered $19.184 billion in revenue and $2.11 in non-GAAP EPS, both above estimates. Cloud Infrastructure grew 93% YoY to $5.787 billion, and remaining performance obligations reached $638 billion, up 363% YoY.

Shares closed down 8.53% on the earnings report as investors focused on -$23.686 billion free cash flow and planned $40 billion capital raise. CFO Hilary Maxson bought 224,441 shares at $185.35 on May 5. Seven directors followed with coordinated reinvestment on May 31.

The Case for $300+: Why Bulls See a Breakout

The bull case rests on RPO conversion. CFO Maxson told investors the $638 billion backlog provides “exceptional visibility,” with 12% recognizable in the next 12 months and another 34% in 13 to 36 months.

Cloud Infrastructure chief Clay Magouyrk noted Oracle signed “$67 billion in AI infrastructure contracts this quarter” with global GPU utilization at 97.5%. Multicloud database grew 404% in Q4.

Of 43 analysts covering Oracle, 30 rate it Buy and 6 Strong Buy, with a consensus target of $252.64. Our bull case projects $352.30 within 12 months if RPO converts ahead of schedule and OCI margins hold in the 30% to 40% range Magouyrk targeted.

What Could Go Wrong

Trailing CapEx of $55.663 billion drove free cash flow to -$23.686 billion, and FY2027 net cash CapEx is guided to around $70 billion. Total liabilities sit at $218.703 billion. Software license revenue shrank 6% in Q4.

Much of that spend is offset by $75 billion in customer-supplied or prepaid GPU contracts, which Magouyrk said carry no margin degradation. Reddit sentiment dipped to 32 (bearish) on June 25, though activity remained low. A bear case downside target sits at $192.92, still above today’s price.

Oracle Price Prediction 2026-2030

The setup at $152.46 favors investors who can stomach Oracle’s CapEx-driven volatility and trust that the $638 billion RPO converts on schedule. Caution is warranted for those who expect AI infrastructure demand to roll over before FY2028 or worry that the $40 billion capital raise pressures the stock further.

Shares trading at 19x forward earnings against 20.6% revenue growth and a PEG of 0.89 favor buyers. Our 24/7 Wall St. price target of $223.70 reflects that conviction.

Extending the 24/7 Wall St. model forward, here is where Oracle could trade assuming current cloud growth trajectories and capital plans hold.

These projections assume Oracle executes on long-term targets of 31% revenue CAGR and 28% EPS CAGR through FY2030. Material upside or downside could come from AI infrastructure demand shifts or GPU sourcing constraints.

The post Wall Street Has 36 Buy Ratings on Oracle. Here’s How We See 47% Upside appeared first on 24/7 Wall St..