BMO Capital analysts maintained their Market Perform rating on Oracle (NYSE:ORCL) stock and increased their price target to $160 from $142. The analysts highlighted Oracle’s strong OCI bookings for two consecutive quarters and a promising 2025 revenue outlook, which stand out positively against generally lackluster results in the software and IT services sectors.

The analysts noted that Oracle, along with Microsoft, has achieved a favorable position by combining cloud infrastructure with enterprise software. Despite this, even when averaging price-to-earnings and free cash flow multiples, as opposed to previously focusing solely on FCF, the analysis supports a price target of $160.