Price Prediction: As AI Backlog Soars, Oracle Set for 50% Upside

Quick Read Oracle (ORCL) trades at $147 despite a $664 billion AI backlog and 121% cloud growth, giving it a BUY target of $215. Oracle's forward P/E of 17 makes it significantly cheaper than Microsoft (MSFT) at 26 and Alphabet (GOOGL) at 22, despite faster cloud growth. The bear risk centers on negative $24 billion free cash flow and $90-$95 billion capex guidance that could force additional equity raises. Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor) Oracle just posted the loudest cloud quarter in enterprise software history, and the stock is falling anyway. That mismatch is the whole story.peterkaminski / Flickr Oracle (NYSE:ORCL) trades at $147.17 as of the September 17, 2026 open, down 51.