Oracle (ORCL-US) Surge 9.7% as Analysts See Overreaction to Cloud Valuation

Oracle (ORCL-US) surged 9.7% to $156.59 on February 9, 2026, continuing a 4% rise from Friday, as analysts suggest the stock has been overreacting to a correction since its September 2025 high. D.A. Davidson's Gil Luria upgraded the stock from Neutral to Buy at $180, citing improved commercial traction for OpenAI and potential $50B–$90B catalysts from its stake in the U.S. TikTok joint venture. Key context: OpenAI's partnership with Oracle faces scrutiny over ChatGPT's data centers and competition from Google's Gemini, while AI-driven "vibe code" could erode demand for Oracle software. Luria notes OCI is likely to be the bulk of the upside, with management forecasting 71% revenue growth for OCI through 2027 and OCI revenue reaching $144B. Risk factors remain significant, including $130B debt and $248B operating lease commitments, with Oracle planning up to $500B in financing this year that could create short-term selling pressure.