Although Oracle Corp. (NYSE: NYSE) saw its market capitalization fall by $146.4 billion so far in 2026, hovering at $407.1 billion on September 2, Mark Moerdler, a Wall Street analyst at Bernstein SocGen Group, expects another rally towards the all-time high (ATH) over the next 12 months.
Moerdler reiterated a ‘Buy’ rating for Oracle stock, according to a note sent to clients on Wednesday. He set the firm’s 12-month price target for ORCL at $325.
With Oracle stock trading at $143.95 at the time of writing, this analyst suggests a potential $125.77% upside over the next 12 months. This bullish thesis for ORCL is based on the expectations that the company will continue to benefit from the Artificial Intelligence (AI) boom through its Oracle Cloud Infrastructure (OCI) services.
For the company’s first quarter (Q1) of financial year (FY) 2027, Oracle projects that total Cloud Revenue, including Infrastructure as a Service (IaaS) and Software as a Service (SaaS), will grow 57% to 63% year-over-year (YoY).
“We believe that the company is nearing the end of its need for additional cash. The value being created is substantial and not included in the valuation. We reiterate our Outperform rating,” Moerdler concluded.
Is Oracle a good stock to buy?
Following Bernstein’s bullish target, 32 Wall Street analysts surveyed by TipRanks over the past three months have issued a ‘Strong Buy’ rating. As of press time, these analysts had set an average 12-month price target for Oracle at $254.57, representing a possible 76.85% uptick.
The highest 12-month forecast for ORCL, at the time of publication, is $400, while the lowest is $145.
ORCL price performance
Year-to-date (YTD), Oracle stock has fallen by 26.45%, an extension of last year after it reached an ATH of slightly above $345.
Nonetheless, Wall Street analysts are confident that Oracle stock could rally above its peak for 2026 over the next 12 months.
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