Oracle Rallies 5% as Morgan Stanley Lifts Its Price Target, CoreWeave Advances 3%
Oracle stock increased 5% and CoreWeave advanced 3% following a price target increase from Morgan Stanley. Investors are reacting to a reported 638 billion dollar cloud infrastructure backlog and anticipation surrounding OpenAI GPT-6 Astra. The company is entering its earnings week for the first quarter of fiscal year 2027. While Mizuho analysts project a target price of 320 dollars due to expanding AI cloud capacity, some analysts maintain that the company must still pass a cash flow test despite an improving AI earnings narrative.
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- ✓ Oracle stock rose 5% and CoreWeave rose 3%.
- ✓ Morgan Stanley increased its price target for Oracle.
- ✓ Oracle has a cloud infrastructure backlog of 638 billion dollars.
- ✓ Oracle is scheduled to announce its first quarter fiscal year 2027 earnings.
What changed
Morgan Stanley raised its price target for Oracle, contributing to a 5% stock rally.
Live updates
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Oracle Shares Rise 5% Ahead of Fiscal 2027 First Quarter Earnings
Oracle stock increased 5% and CoreWeave advanced 3% following a price target increase from Morgan Stanley. Investors are reacting to a reported 638 billion dollar cloud infrastructure backlog and anticipation surrounding OpenAI GPT-6 Astra. The company is entering its earnings week for the first quarter of fiscal year 2027. While Mizuho analysts project a target price of 320 dollars due to expanding AI cloud capacity, some analysts maintain that the company must still pass a cash flow test despite an improving AI earnings narrative.
Why it matters
Oracle is positioning itself as a primary provider of AI cloud infrastructure. The scale of its current backlog indicates significant future revenue potential if the company can deploy capacity quickly. Market sentiment is currently driven by the intersection of AI demand and upcoming financial disclosures.
What is confirmed
- Oracle stock rose 5% and CoreWeave rose 3%.
- Morgan Stanley increased its price target for Oracle.
- Oracle has a cloud infrastructure backlog of 638 billion dollars.
- Oracle is scheduled to announce its first quarter fiscal year 2027 earnings.
Still unconfirmed
- Mizuho sees Oracle reaching 320 dollars as AI cloud capacity increases.
- OpenAI GPT-6 Astra buzz is boosting bullish sentiment for ORCL stock.
What to watch next
- The release of Oracle's first quarter fiscal year 2027 earnings report.
- Updates on the conversion of the 638 billion dollar backlog into realized revenue.
- Official confirmation of OpenAI GPT-6 Astra integration or partnerships.
confidence 90%Sources used for this update (10)
- 24/7 Wall St. — Oracle Rallies 5% as Morgan Stanley Lifts Its Price Target, CoreWeave Advances 3%
- Yahoo Finance — ORCL Stock Rallies Into Earnings Week: OpenAI GPT-6 Astra Buzz, Morgan Stanley’s Big Target Give Bulls A Boost
- Oracle - Investor Relations — Oracle Sets the Date for its First Quarter Fiscal Year 2027 Earnings Announcement
- The Motley Fool — Prediction: Oracle's $638 Billion Cloud Infrastructure Backlog Could Make It One of the Best-Performing AI Stocks Through 2028
- Seeking Alpha — Oracle Deserves One Last Chance (NYSE:ORCL)
- finance.yahoo.com — Mizuho Sees Oracle at $320 as AI Cloud Capacity Jumps
- Yahoo Finance — Oracle's $638 Billion Backlog Meets Its Balance Sheet on Thursday
- Barchart.com — Will Oracle Finally Get Its Moment? Trade Earnings Volatility With Leveraged and Inverse ETFs
- thestreet.com — BofA stays bullish on a cloud titan that is down 25%
- Yahoo Finance — Oracle’s AI Earnings Story Is Improving, but the Cash Flow Test Remains
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