Oracle Earnings Preview: Analysts Predict Strong Growth Amid Stock Pullback
Oracle Stock Analysis And Earnings Preview: Will It Have A Broadcom Moment?

Image: Benzinga
Oracle's stock has declined to about $213 from a high of $250, but remains 60% above its lowest point this year. The upcoming earnings report is anticipated to show a 20% revenue increase in Q4, driven by significant growth in cloud services.
- 01Oracle's Remaining Performance Obligations (RPO) soared by 325% YoY to $553 billion.
- 02The company plans to raise an additional $50 billion in debt and equity, increasing its long-term debt to over $124 billion.
- 03Analysts predict Q4 revenue will reach $19 billion, marking a 20% increase from the previous year, contributing to an annual revenue of $67 billion.
- 04Cantor Fitzgerald raised its price target for Oracle to $284, while BTIG increased it to $400.
- 05Technical analysis indicates a potential rebound for Oracle stock, with targets set at $250 and further gains towards $300.
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Oracle Corporation (NASDAQ:ORCL) has seen its stock price decline to approximately $213 from a peak of $250 earlier this month, although it remains nearly 60% above its lowest level of the year. Investors are closely watching the company as it prepares to release its earnings report on Wednesday. Analysts expect Oracle's Q4 revenue to rise by 20% to $19 billion, which would increase its annual revenue to $67 billion, up 17% year-over-year. The company has reported a staggering 325% year-over-year increase in Remaining Performance Obligations (RPO), reaching $553 billion, primarily driven by partnerships with OpenAI and Meta Platforms. Despite this growth, Oracle is also raising another $50 billion in debt and equity, escalating its long-term debt to over $124 billion. Technical indicators suggest that the stock may rebound post-earnings, with initial targets set at $250 and further potential gains towards $300. Analysts maintain a buy rating on the stock, with price targets being adjusted upwards by firms like Cantor Fitzgerald and BTIG.
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Oracle's financial performance could influence stock market trends and investor confidence in tech stocks.
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