Oracle’s (NYSE:ORCL | ORCL Price Prediction) remaining performance obligations vaulted to $638 billion in Q4 FY2026, an unprecedented backlog that reframes the investment case. Yet the stock trades nowhere near its prior highs, creating a sharp divergence between fundamentals and price.

Oracle closed at $146.65 on August 17, 2026. Our 24/7 Wall St. price target for Oracle is $213.38, implying 45.5% upside over the next 12 months. Our model output favors accumulation, with a confidence level of 90%.

The $250 level referenced in bull commentary sits close to the Wall Street consensus target of $246.43, a reach case rather than our base case.