Wedbush Rates Oracle (ORCL) buy, $240 Price Target

Wedbush has reiterated its buy rating on Oracle with a price target of $240, a 24.58% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:13 PM EDT · Updated Jun 17, 2026, 5:01 AM EDT

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Wedbush rated Oracle Corporation ($ORCL) "buy" with a $240 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

$128.23 -33.60% year to date

Daily close · Oct 16, 2026

Key Points

On June 11, 2026, Wedbush reiterated its buy rating on Oracle Corporation (NYSE: ORCL) with a price target of $240, while the stock closed at $192.64.
Wedbush's $240 price target implies 24.58% upside from Oracle Corporation's ($ORCL) current $192.64 share price.
Oracle reported strong fundamentals with a market cap of about $407.6 billion and a P/E ratio of 21.1.
Insider activity shows that Jeffrey Henley, Vice Chairman, bought 400,000 shares valued at around $16.4 million on June 24, 2026.

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Wedbush Affirms Positive Outlook for Oracle

Wedbush has reiterated its buy rating on Oracle Corporation (NYSE: ORCL), setting a price target of $240. This announcement came on June 11, 2026, after Oracle shares closed at $192.64. The firm’s analyst Dan Ives believes the stock holds strong potential amid the company’s ongoing growth in enterprise technology solutions.

Analysts Set New Price Targets

This latest rating follows a number of recent analyst opinions that also reflect a positive sentiment around Oracle. On October 2, 2026, Citizens reiterated a Market Outperform rating with a target of $285. Freedom Broker maintained a Buy rating with a target of $205 on September 14, 2026, slightly down from a previous target of $210. Notably, Argus Research and TD Cowen both reiterated Buy ratings with targets of $225 and $240, respectively, on September 11, 2026. This consistent endorsement from various analysts underlines a strong consensus on Oracle's growth prospects.

Stock Performance Context

As of the publication date on Saturday, shares of Oracle are trading at $192.64, a price significantly lower than the new target set by Wedbush. The stock has seen its highs and lows, with a 52-week high of $304.28 and a low of $114.50. This gap suggests that investors may still see considerable upside potential if Oracle can capitalize on its growth strategy.

12-month forecast

$ORCL price target

Oracle Corporation daily closes and this analyst's $240 target. Not advice.

Insider Buying and Selling at Oracle Corporation

In a show of confidence, Jeffrey Henley, Oracle's Vice Chairman, purchased 400,000 shares at an average price of $40.93 on June 24, 2026. This acquisition, valued at approximately $16.4 million, indicates Henley’s belief in the company’s future performance and reinforces the positive outlook shared by analysts.

What Oracle Corporation Does

Oracle Corporation, headquartered in Austin, Texas, specializes in providing a wide range of products and services for enterprise technology. Its offerings include cloud solutions and software designed to help businesses operate more efficiently across various sectors. The company's strong market presence and expansive product portfolio are key to its ongoing success in the technology industry.

What's Ahead for Oracle Corporation

Investors will be watching closely for Oracle's next earnings report, scheduled for December 14, 2026. With the recent analyst support and insider buying, there’s heightened interest in how the company’s performance will align with the positive expectations laid out by Wedbush and other analysts. As this 13F filing reflects past positions as of the reporting period, it may not represent current investor actions.