Oracle will emerge as an AI leader and see big gains ahead, Wells Fargo says
Wells Fargo initiated coverage of Oracle with an overweight rating and a $280 price target, projecting a 39% upside. Analyst Michael Turrin believes Oracle is poised to become an AI leader, citing its significant AI deals, strong backlog, and potential to become the fourth major cloud provider by 2029. Despite a recent decline in shares, Oracle's AI business is expected to drive substantial growth and market share gains.
https://www.cnbc.com/2025/12/03/oracle-will-emerge-as-an-ai-leader-and-see-big-gains-ahead-wells-fargo-says.html