HSBC maintains a Buy rating on Oracle following its 4QFY26 earnings, despite lowering the price target to USD 316 to reflect revised long-term estimates.
Key Takeaways
- 1.Maintained Buy rating with a target price cut to USD 316 from USD 345, citing lower long-term non-GAAP EPS estimates.
- 2.4QFY26 results were strong with revenue of USD 19.18bn and non-GAAP EPS of USD 2.11, both exceeding consensus estimates.
- 3.Oracle is balancing high capex (forecasted at USD 90-95bn in FY27) with significant customer prepayments/financing components.
Table of Contents
- Financials & valuation: Oracle Inc
- In-line results, mixed guidance
- Disclosure appendix
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Authors
Abhishek ShuklaStephen BerseySameer Lam
Securities
ORCL
Themes
AI Infrastructure GrowthCapital Expenditure Intensity
Regions
North AmericaUnited States