Major Bank Rating | Bank of America: Oracle's Q3 Performance and Outlook Remain Solid, Maintains "Buy" Rating

格隆汇 March 12｜Bank of America Securities released a research report stating that Oracle's performance and outlook for the third fiscal quarter ending February 28 remain solid. Total revenue reached $17.2 billions, up 22% year-on-year, surpassing the bank's forecast of $16.96 billions. Capital expenditure was $18.4 billions, far exceeding the bank's forecast of $14 billions, but the forecast for fiscal year 2026 remains at $50 billions. The report mentioned that Oracle's guidance for fourth-quarter revenue is an increase of 19% to 21%. Calculated at the median, cloud business revenue grew by 46%, lower than the bank's expectation of 53%, but still has room for improvement. Management raised the revenue target for fiscal year 2027 from $85 billions to $90 billions. The bank maintains a "Buy" rating on the company, with a target price of $300.