Wolfe Research reiterates Oracle stock rating on strong demand

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry IEA reportedly eyes record oil reserve release; CPI ahead - what’s moving markets Gold prices rise as markets parse mixed signals on Iran; US CPI awaited Trump signals war end, but strategist warns risks far from over TACO? Wolfe says Trump is ’eyeing the exits even sooner than we anticipated’ 🎯 (South Africa Philippines Nigeria) 🎯 Wolfe Research reiterates Oracle stock rating on strong demand By Analyst Ratings Published 03/11/2026, 05:21 AM Wolfe Research reiterates Oracle stock rating on strong demand 0 ORCL -1.43% Investing.com - Wolfe Research reiterated an Outperform rating and $215.00 price target on Oracle (NYSE:ORCL) following the company’s quarterly results that exceeded guidance across all metrics for the first time this fiscal year. The stock currently trades at $149.40 with a market cap of $429 billion, down 51% over the past six months despite strong fundamentals. According to InvestingPro analysis, Oracle appears undervalued at current levels, trading at a PEG ratio of 0.93. The company increased its fiscal year 2027 revenue guidance to $90 billion from $89 billion previously. Remaining performance obligations grew $29 billion quarter-over-quarter, with growth that would have been higher if new bring-your-own-hardware deals had been less of the mix. Capital expenditures reached approximately $19 billion in the quarter, $5 billion above estimates, though the company reiterated its fiscal year 2026 capital expenditure guidance of approximately $50 billion. The variance was attributed to timing and scheduled builds. Oracle added 400 megawatts of capacity in the third quarter, bringing total capacity added over the trailing twelve months to approximately 800 megawatts. AI gross profit margins from capacity delivered in the quarter came in at 32%, within the 30-40% margin range previously communicated. The company does not expect any incremental debt funding in calendar year 2026 despite strong de...