Morgan Stanley cut Oracle's price target to $207 from $213, keeping an Equal Weight rating amid execution gains but margin concerns.
Analysts raised FY2030 GPUaaS earnings power estimate to $2.90 (from $1.51) and lifted FY2027‑2028 cloud database revenue forecasts 3% and 15% respectively.
Oracle aims to add 10 GW GPU capacity in three years, but non‑GAAP gross margins fell short and keep margin outlook uncertain.
Customer concentration risk improved thanks to stronger AI compute demand and recent funding catalysts for key clients.