What is Scotiabank's rating on Oracle?

Scotiabank maintains a Sector Outperform rating on Oracle.

Why did the analyst raise Oracle's price target?

The analyst expects Oracle to benefit from long-term growth in AI cloud infrastructure demand.

How much has Oracle stock gained year-to-date?

Oracle stock has gained 71% year-to-date as of the report.

When will Oracle report Q4 results?

The report did not specify an exact date, but the announcement is expected soon.

Oracle (ORCL) Gets Bullish Long-Term View on AI Cloud Infrastructure Growth

Scotiabank analyst Pat Colville raised Oracle's (ORCL) price target to $290 from $215, maintaining a Sector Outperform rating. The move comes ahead of Oracle's Q4 earnings report, with optimism driven by long-term AI cloud infrastructure growth.

June 8, 2026

2 min read

Source: Insider Monkey

Key Numbers

price target before

$215

price target after

$290

stock gain ytd

71%

Scotiabank analyst Pat Colville raised the price target on Oracle Corporation (NYSE:ORCL) to $290 from $215, reiterating a Sector Outperform rating. The revision comes ahead of Oracle's fourth-quarter earnings release, with Wall Street appearing cautious.

Rating Change

Previous Price Target: $215
New Price Target: $290
Rating: Sector Outperform

Analyst Rationale

Colville believes Oracle is well-positioned to capitalize on growing demand for AI cloud infrastructure. He expects Oracle's investments in data centers and cloud computing to drive long-term revenue and profitability growth.

Context

Oracle was listed among 14 AI stocks making headlines on Wall Street, alongside Qualcomm and Microsoft. The stock has surged 71% year-to-date, reflecting investor confidence in the company's cloud strategy.

What We Conclude

The price target hike signals a bullish long-term view, but investors should watch upcoming Q4 results to gauge actual performance amid intense competition in the cloud computing market.

Frequently Asked Questions

Scotiabank raised its price target for Oracle (ORCL) to $290 from $215.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.