BofA resumes Oracle coverage with 'buy' rating, shares slip

AI cloud firm Oracle's ORCL.N shares fall ~3% to $149.60

BofA Global Research reinstates coverage with "buy" rating

Sets PT at $200, implying an upside of 29.6% to stock's last close

"Oracle has large revenue potential ahead, supported by $553bn in RPO tied to long-duration AI training and cloud infrastructure commitments" - Brokerage

BofA expects free cash flow margins to remain negative through FY29 as capital expenditures increase

Avg. rating of 43 analysts is "buy;" their median PT is $240 - data compiled by LSEG

Including session moves, stock has fallen 23.2% this year