HERE'S WHAT WALL ST. IS SAYING ABOUT $ORCL (-0,32 %) FOLLOWING EARNINGS:

1. Piper Sandler (Overweight, PT: $210):

"A fourth consecutive quarter of accelerating cRPO growth to 20% y/y (vs. 18% last quarter) reinforces our confidence in a multi-quarter growth reacceleration, underpinned by cloud and AI tailwinds. Meta joining companies like xAI, NVIDIA, and Cohere as customers leveraging Oracle’s AI infrastructure highlights strong momentum. Consistent expense discipline and improving margins across cloud applications and infrastructure are equally encouraging. We raise our PT to $210 based on continued cloud momentum and roll forward to CY29E."

2. Bernstein (Outperform, PT: $213):

"While the stock reaction was not pretty (down ~8%) after mixed results, the key story drivers remain strong. OCI YoY growth accelerated, Strategic Back Office grew 18%, and Database Cloud grew 28%, hitting a $2.2B run rate with >$100M from partnerships with Azure, GCP, and AWS. Weakness creates a buying opportunity for long-term investors, as we see significant upside. We raise our PT to $213, driven by rolling forward estimates and increasing the P/FE multiple to 27x."

3. KeyBanc (Overweight, PT: $200):

"A stumble, but bookings momentum remains on track, and OCI/SaaS businesses are expected to accelerate through 2H. Operating margins continue to trend positively. OCI revenue accelerated to 55% growth, with consumption revenue rising to 58%. While RPO grew y/y, sequential declines raised investor concerns. Management expects RPO to rebound in Q3. We still like Oracle heading into 2025."

4. Evercore ISI (Outperform, PT: $200):

"Oracle delivered solid F2Q results. The pullback seems more tied to profit-taking after a big YTD run than any fundamental change. Incremental FX headwinds explain adjustments to estimates. OCI growth remains robust (+50% expected going forward), and confidence in capacity expansion for CY25 is high. Highlights include RPO hitting $97B (expected to rebound in 2H) and 58% OCI consumption growth. At 24x CY26 EPS, risk/reward remains attractive."

5. BMO Capital (Market Perform, PT: $205):

"We consider 50% y/y CC RPO growth and 21% y/y CC CRPO growth to be solid results. Cloud services revenue growth was in line with our estimates (~24% y/y CC), though slightly disappointing given the conversion from RPO. Expense management was impressive, with operating margins increasing by 60bps y/y. As a result of another solid RPO quarter, we are raising our target price to $205, based on 28x FY26 P/E. We would consider getting more constructive at a more attractive entry point."

6. RBC Capital (Sector Perform, PT: $165):

"Oracle reported a mixed quarter, and against elevated expectations, shares fell 8% after-hours. Q3 revenue and EPS were solid on a constant currency basis, but FY25 revenue guidance was reiterated, and EPS slightly missed due to below-the-line dynamics. OCI growth accelerated slightly on AI workloads, but investors are struggling to underwrite management's aggressive 2H cloud growth targets. Shares trade at 27x CY25E P/E; our $165 PT applies a 25x multiple."

7. Mizuho (Outperform, PT: $210):

"Mizuho raised the price target on Oracle to $210 from $185 while maintaining an Outperform rating, reflecting confidence in Oracle's cloud growth and momentum."

8. DA Davidson (Neutral, PT: $150):

"We maintain our Neutral rating and raise our PT to $150 following a mixed quarter. Revenue and EPS missed consensus, though OCI revenue remains elevated on strong AI compute demand. Oracle expects capital expenditures to double but remains cautious about pacing investments with demand signals."