Goldman Sachs Cuts Oracle (ORCL) Price Target to $206

Goldman Sachs maintained its Buy rating on Oracle Corporation ORCL on October 23, 2026, while lowering its price target from $240.00 to $206.00.

ORCL Oracle Corporation

$125.54 ▼ -35.00% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Goldman Sachs's Call on Oracle

The research note from Goldman Sachs reaffirms a positive view on the software maker even as the firm trimmed its 12-month target. Oracle closed at $126.16 on October 23, 2026. The new target of $206.00 sits well above recent trading levels, reflecting the firm's longer-term outlook for the enterprise technology provider despite near-term market pressure.

Other Institutional Activity in Oracle

Other major fund managers adjusted their positions recently. Sumitomo Mitsui DS Asset Management Company grew its holdings by 20,689 shares, ending with 340,598 shares worth about $46.8 million. PensionDanmark Pensionsforsikringsaktieselskab added 24,007 shares to finish with 337,591 shares valued at roughly $46.4 million. Conversely, Accurate Wealth Management trimmed its stake by 10,827 shares, leaving it with 8,777 shares worth about $1.3 million. RMR Wealth Builders cut 18,764 shares to hold 3,615 shares valued at roughly $496,311, and Y-Intercept closed out its entire stake by selling 146,923 shares.

Oracle Corporation Stock Down 2.3%

Oracle shares recently traded around $126.12 as of October 23, 2026, remaining well below their 52-week high of $287.19 and closer to the 52-week low of $114.50. The stock trades below its 50-day moving average of $143.49 and its 200-day moving average of $158.89.

Recent Earnings

Oracle Corporation reported trailing twelve-month revenue of $71.78 billion alongside earnings of $6.38 per share. The company posted a net profit margin of 26.4% and a return on equity of 41.2% over the period. The next earnings report is scheduled for December 14, 2026.

Dividend

Oracle pays an annual dividend rate of $2.00 per share, yielding 1.59% based on recent trading levels. The payout ratio sits at 31.4% of earnings.

Insider Buying and Selling at Oracle Corporation

Corporate insiders completed several transactions ahead of the analyst update. Chief Executive Officer Michael D. Sicilia sold 10,822 shares on September 16, 2026, at an average price of $139.94 for a total value of $1.52 million. On September 22, 2026, Sicilia sold another 22,562 shares at $151.59 each, totaling about $3.42 million. Officer Maria Smith sold 2,631 shares on September 22, 2026, at $151.70 per share for roughly $399,123. Director Stephen H. Rusckowski bought 25,000 shares on September 29, 2026, at $139.35 per share, amounting to $3.48 million.

Analysts Set New Price Targets

Wall Street firms updated their views on Oracle in recent weeks. Freedom Broker maintained a Buy rating on September 14, 2026, lowering its target from $210.00 to $205.00. Argus Research reiterated a Buy rating on September 14, 2026, with a $225.00 price target. Citizens reaffirmed a Market Outperform rating on October 2, 2026, holding its target steady at $285.00. Cantor Fitzgerald maintained an Overweight rating on October 22, 2026, with a target of $284.00. Across the broader analyst community, Oracle holds a consensus Buy recommendation with a mean price target of $236.54 across 41 analyst opinions.

About Oracle Corporation

Headquartered in Austin, Texas, Oracle Corporation provides software and hardware products that run enterprise information technology systems for businesses worldwide. The company employs roughly 141,000 people and serves customers across multiple sectors.

Bottom Line

Investors will watch for Oracle's upcoming earnings release on December 14, 2026, for further operational updates. Market participants should also monitor subsequent analyst adjustments and institutional filings to track sentiment changes.