Scotiabank Rates Oracle (ORCL) buy, $241 Price Target
Analyst Patrick Colville maintains a buy rating on Oracle with a $241 price target, a 25.10% upside from the current price.
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Scotiabank rated Oracle Corporation ($ORCL) "buy" with a $241 price target on June 11, 2026.
Since the rating, $ORCL is up 0.1% after 1 week, down 28.3% after 1 month and down 29.9% to date (from the $182.79 close on Jun 11, 2026).
ORCL
Oracle Corporation
Key Points
- On June 11, Scotiabank reiterated its buy rating on Oracle (NYSE: ORCL) with a target price of $241, while shares are currently priced at $192.64.
- Scotiabank's $241 price target implies 25.10% upside from Oracle Corporation's ($ORCL) current $192.64 share price.
- Oracle has a P/E ratio of 21.1 and reported revenue of $71.8 billion in its latest fiscal year, indicating strong profitability.
- The stock is set to report earnings on December 14, 2026, as analysts remain optimistic about its growth potential.
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Scotiabank's Continued Confidence in Oracle
On June 11, 2026, Scotiabank analyst Patrick Colville reiterated a buy rating on Oracle Corporation (NYSE: ORCL), setting the price target at $241. This rating reflects Scotiabank's confidence in Oracle’s ongoing growth and market position. Currently, Oracle shares are trading at $192.64.
What This Means for Oracle's Position
The reiterated buy rating suggests that Scotiabank believes in Oracle's strong fundamentals. The price target of $241 indicates significant upside potential from its current price. With a market cap of approximately $407.6 billion, Oracle remains a major player in the technology sector, focusing on cloud services and enterprise solutions.
Institutional Peers' Insights
Currently, there are no other institutional reports available to compare against Scotiabank’s rating. However, it’s worth noting that Oracle has a broad analyst base, with 41 opinions reflecting its strong market presence.
Stock Performance Context
At a price of $192.64, Oracle is trading well below its 52-week high of $304.28. This could present a favorable buying opportunity for investors who believe in the company's future growth. The stock has experienced a notable recovery from its 52-week low of $114.50 and is currently above its 50-day moving average of $145.42, suggesting positive momentum.
$ORCL price target
Oracle Corporation daily closes and this analyst's $241 target. Not advice.
Recent Earnings
Oracle reported impressive earnings in its most recent quarter, posting revenue of $71.8 billion, which represents a growth of 29.6% year-over-year. The company also achieved a net margin of 26.4%, showcasing its profitability. Analysts expect the next earnings release to take place on December 14, 2026, which will provide further insight into the company’s financial health.
Insider Buying and Selling at Oracle Corporation
On June 24, 2026, Jeffrey Henley, the Vice Chairman of Oracle, bought 400,000 shares at an average price of $40.93, totaling approximately $16.4 million. This purchase signals confidence from company leadership in Oracle's future prospects. It's noteworthy that Henley also sold 400,000 shares on the same day, which could indicate routine portfolio management rather than a loss of confidence.
Analysts Set New Price Targets
Oracle’s analysts maintain a bullish outlook, with Scotiabank’s buy rating aligning with previous ratings from firms such as Citizens and Argus Research. As of the latest reports, Citizens has set a target of $285, while Argus continues to endorse a buy rating with a target of $225. This consensus highlights a positive sentiment toward Oracle’s growth and market strategy.
What's Ahead for Oracle Corporation
As Oracle prepares for its next earnings call on December 14, 2026, analysts will be keenly watching for updates on revenue growth and profitability. The reminder that Scotiabank's rating reflects an optimistic view of Oracle's performance suggests that the company is well-positioned within its industry. Investors should keep an eye on further analyst updates and market developments as the earnings date approaches.
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Source: Scotiabank's rating change on $ORCL (Jun 11, 2026). Written by software, not financial advice. How we make alerts