Evercore ISI Raises PT on Oracle Corporation (ORCL), Keeps an Outperform Rating

​Oracle Corporation (NYSE:ORCL) is one of the Hottest Mega-Cap Stocks of 2025. On October 10, Kirk Materne from Evercore ISI raised the price target on Oracle Corporation (NYSE:ORCL) from $340 to $350, while keeping an Outperform rating on the stock.

​The analyst noted that their firm upgraded its model before the Oracle AI World and the financial analyst meeting scheduled from October 13 to October 16. Evercore ISI expects Oracle Corporation (NYSE:ORCL) to update its long-term revenue and EPS guidance.

​The analyst highlighted that the management during its fiscal first quarter 2026 earnings call hinted that its cloud revenue can reach $144 billion by 2030. Materne notes that this suggests the company will soon provide an updated revenue guidance as the $144 billion target seems likely. The analyst believes Oracle Corporation (NYSE:ORCL) revenue to reach $200 billion by 2030 and expects the EPS to grow by around 20% annually from 2025 to 2030.

​Oracle Corporation (NYSE:ORCL) provides cloud-based suites of applications and secure, automated infrastructure through its Oracle Cloud Platform.

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Disclosure: None. This article is originally published at Insider Monkey.