UBS Reiterates Buy on Oracle (ORCL) with $380 Target After AI World Event Insights

Oracle Corporation (NYSE:ORCL) is one of the AI Stocks Making Waves on Wall Street. On October 21, UBS reiterated its Buy rating on the stock with a price target of $380.00. The rating follows analyst Karl Keirstead’s attendance at Oracle’s AI World event.

As per UBS analysis, several key observations were made through customer and partner interactions at the event. Unlike previous gatherings, customers at the event articulated their intentions to grow their Oracle investments. Meanwhile, partners also reported accelerating growth rates.

The firm also highlighted how Oracle has had a significant sales reorganization, resulting in a more customer-friendly approach. Analysts also spoke with large Oracle Cloud Infrastructure (OCI) customers who were still scaling up their usage.

Despite discussions, the firm didn’t find any significant evidence of major migrations from competing cloud providers AWS, Microsoft Azure, or Google Cloud to Oracle.

The analysis has revealed high interest in migrating Oracle databases to Microsoft Azure. However, these transitions are taking longer than anticipated.

Most customers now anticipate that such migrations will begin in the second half of 2026 or in 2027.

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.

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