Oracle Corporation (ORCL) Stock Price & How to Invest

Oracle is one of the largest enterprise software companies in the world. The traditional business is database software (the Oracle Database is the dominant enterprise relational database), enterprise applications (Oracle ERP, HCM, CRM via the Fusion suite, plus NetSuite for smaller businesses), and Java (Oracle owns and maintains the Java platform). These are mature, sticky, high-margin businesses.

The newer story is Oracle Cloud Infrastructure (OCI), which has emerged as the fourth-largest hyperscale cloud after AWS, Azure, and GCP. OCI has won major AI training deals, including a multi-year multi-billion-dollar deal with OpenAI in 2025 and capacity tied to the Stargate buildout. Revenue for fiscal 2026 (ended May 31, 2026) was ~$67.4 billion, up from ~$57.4 billion a year earlier, and trailing revenue has reached ~$71.8 billion. The cost is visible on the balance sheet: operating cash flow of ~$46.9 billion was swamped by capex, leaving free cash flow of roughly negative $46 billion over the last twelve months, with ~$169 billion of debt against ~$37 billion of cash.

Founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates. Headquartered in Austin, Texas (moved from Redwood Shores, California in 2020). In September 2025 Oracle named Clay Magouyrk and Mike Sicilia co-CEOs, with Safra Catz moving to executive vice chair; Larry Ellison remains executive chairman and CTO.

AI cloud deals carry execution risk: massive datacenter buildouts must be delivered on time and profitably. Oracle is now carrying ~$169 billion of debt and negative free cash flow, so a slower ramp at a large AI customer, rising real yields, or tighter credit markets would hit harder than at cash-rich hyperscalers. Customer concentration in the backlog (a large share tied to OpenAI and related projects) adds counterparty risk. If AI capex demand cools, the buildout becomes a stranded asset risk. The stock's ~59% one-year decline shows how quickly sentiment can reverse.

41 analysts publish price targets on ORCL, averaging $237.36 against a $128.23 price as of October 2026, or +85.1%. The published targets run from $110.00 to $400.00, a wide spread, and the ratings split 35 buy, 7 hold, 1 sell. Over the last six months there have been 2 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full ORCL forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Oracle Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Oracle Cloud Infrastructure (OCI) AI deals and the backlog. OCI has aggressively pursued AI training contracts with frontier model labs. The most optimistic published target, $400.00, assumes this works close to its best case.

The case against. AI cloud deals carry execution risk: massive datacenter buildouts must be delivered on time and profitably. The most pessimistic target, $110.00, is roughly what ORCL is worth if this bites instead.

Read the full bull and bear case on ORCL, including what would have to change to break either one. Walnut is not an investment adviser.

No. Oracle Corporation (ORCL) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Oracle Corporation's investor relations page or your broker.

• Revenue (TTM): ~$71.8 billion
• Revenue growth (latest quarter, YoY): ~30%
• Operating margin: ~36% (net margin ~26%)
• Net income (TTM): ~$18.7 billion (EPS ~$6.38)
• P/E (trailing / forward): ~20x / ~12x
• Dividend yield: ~1.5% ($2.00 per share annually)
• Market cap: ~$393 billion
• Free cash flow (TTM): ~negative $46 billion (capex-driven)

Oracle's multiple has compressed sharply in 2026: the stock trades near ~20x trailing and ~12x forward earnings, down from the mid-30s when the AI cloud re-rating peaked, and the share price is down ~34% year to date. The market is discounting the debt load and negative free cash flow more heavily than the backlog. Analysts' mean target of ~$237 sits well above the ~$130 price, a gap that depends on the fiscal 2028 revenue and EPS estimates actually arriving.

If you want ORCL exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses ORCL naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to ORCL: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ORCL exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (SKYY, AIQ, IGV), which spreads the position across many companies. Or build it into a focused thematic portfolio, so ORCL sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ORCL fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Oracle (ORCL) funds an enormous OCI datacenter buildout with the extreme switching costs and operating cash flow of its legacy database and applications franchise, so it blends a defensive software annuity with a leveraged bet on AI cloud demand. In a portfolio it behaves as a large-cap enterprise-software and AI-infrastructure holding. After a ~59% one-year fall the multiple has compressed to ~20x trailing and ~12x forward earnings, and the stock now trades on whether the backlog converts to revenue on schedule and whether the ~$169 billion of debt stays manageable.

Whether ORCL is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ORCL a buy or a sell?, and where the stock could go from here in the ORCL stock forecast.

For income investors, whether ORCL pays a dividend and how the payout looks is covered in does ORCL pay a dividend? And to weigh ORCL against a peer, read the full side-by-side comparisons: ORCL vs MSFT and ORCL vs GOOGL.