U.S. Navy awards Palantir up to $448 million for shipbuilding modernization
Investing.com - Bernstein SocGen Group has reiterated an Outperform rating on Oracle (NYSE:ORCL) with a price target of $364.00 ahead of the company’s second-quarter fiscal 2026 earnings report.
The firm notes that Oracle’s stock price has declined approximately 10% over the past three months, despite the company announcing more than $300 billion in incremental business during that period.
Bernstein describes this situation as an "unusual and ironical turn of event" in its analysis of the company’s current market position and upcoming earnings report.
The research firm indicates that while the setup for the quarter appears positive, investor attention will likely focus more on the fundamentals of Oracle’s artificial intelligence build-out and its financial implications.
Bernstein states it is sharing thoughts on key controversies and questions surrounding Oracle to help clients navigate the company’s current situation as it approaches its quarterly earnings announcement.
In other recent news, Oracle is preparing to release its fiscal second-quarter earnings on December 10, with several investment firms reiterating their ratings on the company. Mizuho has maintained its Outperform rating with a $400 price target, while RBC Capital continues to hold a Sector Perform rating with a $310 price target. TD Cowen has reiterated its Buy rating and expects growth in Oracle Cloud Infrastructure to improve investor sentiment. Deutsche Bank also maintains a Buy rating, highlighting opportunities in Oracle’s artificial intelligence cloud infrastructure. Additionally, Oracle and Vantage are reportedly in discussions for a $38 billion loan to fund new sites for OpenAI. This financing would support the construction of facilities for the AI company. These developments reflect Oracle’s ongoing efforts to expand its capabilities and infrastructure.
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