Oracle (RCL) stock has gotten a bullish forecast revision on Wall Street, suggesting that big gains could be incoming for privy investors. At the end of March, the software company began laying off thousands of employees across its network. The layoff round was estimated to hit between 20,000 and 30,000 workers, roughly 18% of the 162,000-strong global workforce. Despite the firing spree, shares climbed in the day after those layoffs, and are now up 7% in the past week.
The stock has been one of the hardest hit software options on the US markets in 2026. Thanks to an unstable global energy market and the US economy, tech stocks have been hit hard this year. However, the rebound this week was expected to come and could be the start of a long-term rally, according to numerous firms on Wall Street. Most of the Street has a buy rating on ORCL; however, the latest forecast revisions suggest big gains are ahead.
Per TipRanks, Wall Street analysts have a Strong Buy consensus rating on ORCL stock based on 27 Buys, six Holds, and zero Sells assigned in the past three months. Furthermore, the average ORCL price target of $245.11 per share implies 69.98% upside potential. Oracle’s stock is already up 11% on Monday after announcing AI enhancements for utilities.
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Furthermore, the ORCL stock price chart shows a stock breaking higher on strong AI momentum. After chopping between roughly $138 and $150 in late March, Oracle Corporation ripped to a recent close near $153.85, putting it right back near the top of its multi‑week range. That’s the kind of grind‑up action momentum traders look for when a story name is being re‑rated.
Oracle ORCL is positioning itself as core plumbing for the AI boom, and the numbers around that push are huge. The company is moving toward roughly $14–16B in project and debt financing to build a massive AI‑focused data center campus in Saline Township, Michigan. Pimco, Bank of America, and developer Related Digital are all in the mix, putting big backers behind Oracle’s projects.