Guggenheim Reiterates Buy on Oracle, $400 PT

Guggenheim analyst John DiFucci reiterated a Buy rating and $400 price target on Oracle (NYSE: ORCL).

“We hosted Oracle CFO Hilary Maxson and SVP, Investor Relations Ken Bond for meetings with investors.

The conversation was mostly focused around questions on the AI infrastructure build-out, specifically data center delays, contract structures, and the recent credit downgrade.

Ms.

Maxson’s message was consistent that the build-out is at a materially de-risked stage, reported delays are neither systemic across Oracle’s many data center sites nor financially meaningful, the cost-plus structure of Oracle’s contracts insulates margin dollars from cost inflation, and there’s a firm commitment to its investment-grade credit rating.

We continue to rate Oracle Buy with a $400 price target and view ORCL as a decade stock.”

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