Oracle (ORCL, Financial) anticipates its first-quarter revenue to increase by 11% to 13%, driven by gains in its cloud segment. The company expects cloud revenue to jump by 26% to 30% during the same period. Additionally, Oracle projects a tax rate of 19% for the quarter.
The company highlighted its strong performance in the fourth quarter, achieving double-digit revenue growth, with expectations for continued upward momentum. Oracle is particularly optimistic about the acceleration in cloud applications growth, forecasting that Oracle Cloud Infrastructure (OCI) revenue will surge by over 70% in the coming year. These insights were shared during Oracle's recent fourth-quarter earnings conference call.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Oracle Corp (ORCL, Financial) is $183.18 with a high estimate of $246.00 and a low estimate of $130.00. The average target implies an upside of 3.86% from the current price of $176.38. More detailed estimate data can be found on the Oracle Corp (ORCL) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Oracle Corp's (ORCL, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Oracle Corp (ORCL, Financial) in one year is $142.41, suggesting a downside of 19.26% from the current price of $176.38. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Oracle Corp (ORCL) Summary page.
