Argus raises Oracle PT on strong cloud services demand

Argus raises Oracle ORCL.N price target to $270 from $235, representing a premium of 15.1% on last close

Research firm reiterates co's rating to "buy"

Co's shares slightly rise to $235 in early trading

Research firm says co's strong revenue and outlook for FY26 and FY27 reflects management's confidence in both the demand environment for its cloud database services and applications and its ability to meet that demand

"Oracle is in the enviable position of having more demand than it can fulfill" - Brokerage

Nine of 40 brokerages rate the stock "strong buy", 19 "buy" and 12 "hold"; their median PT is $225

Including session moves, stock was up 40.1% YTD