BUZZ-BofA resumes Oracle coverage with 'buy' rating, shares slip

Oracle Corporation +3.49% Post

Oracle Corporation

ORCL

187.50

185.11

+3.49%

-1.28% Post

** AI cloud firm Oracle's ORCL.N shares fall ~3% to $149.60

** BofA Global Research reinstates coverage with "buy" rating

** Sets PT at $200, implying an upside of 29.6% to stock's last close

** "Oracle has large revenue potential ahead, supported by $553bn in RPO tied to long-duration AI training and cloud infrastructure commitments" - Brokerage

** BofA expects free cash flow margins to remain negative through FY29 as capital expenditures increase

** Avg. rating of 43 analysts is "buy;" their median PT is $240 - data compiled by LSEG

** Including session moves, stock has fallen 23.2% this year


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