What the analyst said
Stifel analyst Brad Reback reiterated a Buy rating on Oracle (NYSE: ORCL).
“While late last week Oracle Cloud Infrastructure VP Mahesh Thiagarajan indicated that construction at Project Jupiter in New Mexico is 26% complete, up 17 percentage points from Oracle’s July update, he also highlighted several hurdles, as the fuel-cell microgrid site was only 10% complete and that there were hold-ups related to various air/water-quality permits and authorization for its gas pipeline.
That said, we note that later in the week the New Mexico Supreme Court unanimously denied a petition from New Energy Economy that requested a cancellation of the air quality permit hearing, and also unanimously denied the Center for Biological Diversity’s challenge to the state’s emergency authorization that granted the site access to a water well in Santa Teresa, ultimately clearing two legal roadblocks to Project Jupiter.
With these hold-ups out of the way, the NMED air quality permit hearing can resume, and developers can restart pumping from the well after more than a three-week pause.
Despite this step in the right direction, we note that no examiner or date has been set for the air-quality hearing.”
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Track record
Firm track recordStifel: 83% of its 42 targets at least a year old were reached within 12 months (#6 of 26 firms). Accuracy ranking →
Stifel on Oracle
Stifel price targets on Oracle
4 calls from March 11, 2026 to September 21, 2026. The target went from $220 to $200 (−9%). The rating stayed Buy.
- September 21, 2026 This noteRating only, no price targetBuyNo target
- September 11, 2026Target cut from $220 (−9%)Buy$200
- June 11, 2026Kept the $220 targetBuy$220
- March 11, 2026Earliest call shownBuy$220
Other analysts on Oracle
ScotiabankBuy
Cut price target −5%, kept rating · Oct 29
$205from $215
GuggenheimBuy
Kept rating and price target · Oct 29
$400maintained
OppenheimerBuy
Kept rating and price target · Oct 29
$275maintained
BairdBuy
Kept rating and price target · Oct 29
$215maintained
Melius ResearchBuy
Kept rating and price target · Oct 29
$170maintained