Oracle Stock Rises On $100B+ Annual Revenue Projection By 2029, Boosting Analyst Targets And Retail Sentiment

Shares of Oracle Corp. (ORCL) climbed nearly 3% early Friday after a senior executive projected significant revenue growth for the tech giant, lifting investor spirits.

Executive Vice President Doug Kehring reportedly told analysts that Oracle expects its annual revenue to reach at least $104 billion by fiscal 2029. The upbeat forecast comes just days after the company posted quarterly earnings that surpassed Wall Street estimates. 

Kehring also announced an updated revenue target for fiscal 2026 of at least $66 billion, up from a previous projection of $65 billion and ahead of the $64.8 billion consensus estimate.

The revised outlook sparked a flurry of upgrades from Wall Street analysts. At least 10 analysts raised their price targets on Oracle, with Barclays leading the pack at $202, suggesting an upside of over 21%.

Barclays highlighted Oracle’s impressive growth trajectory, projecting a 16% year-over-year increase from fiscal 2026 to 2029 — well above the consensus estimate of 9%.

The firm noted that the recent conference provided ample evidence of potential growth drivers, signaling further investor interest in Oracle shares.

BofA also raised its price target to $195 from $175, maintaining a ‘Neutral’ rating. The analyst praised Oracle's progress in cloud infrastructure and applications, noting that the fiscal 2029 revenue target implies a robust 16% compound annual growth rate over four years.

However, BofA warned that the company's aggressive capital expenditure plans could pressure earnings growth between fiscal 2026 and 2029.

Oracle’s optimistic projections quickly captured the attention of retail investors, driving the stock to become one of the most active tickers on Stocktwits.

Retail sentiment shifted into ‘bullish’ (55/100) territory, with many traders encouraged by the company’s long-term growth outlook.

Oracle has been a standout performer among large-cap software stocks this year, surging about 58% year-to-date and outperforming both the S&P 500 and the Nasdaq.

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