Latest news with #BradReback
CNBC
3 hours ago
- Business
- CNBC
Stifel upgrades Oracle: Cap ex will convert to revenue in coming quarters
Brad Reback, Stifel managing director, joins 'Power Lunch' to discuss Reback's thoughts on Oracle's stock, if it's not too late to invest in the company and much more.
Yahoo
5 hours ago
- Business
- Yahoo
Oracle stock set to notch fresh record after disclosing multiple cloud services deals
Oracle stock (ORCL) jumped more than 5% midday Monday and was on track to hit a record closing high after the software giant disclosed that it inked new multibillion-dollar cloud services agreements. In a filing to the US Securities and Exchange Commission, the company provided commentary that CEO Safra Catz planned to share with other Oracle colleagues on Monday. 'Oracle is off to a strong start in FY26,' Catz's statement read. 'Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28.' Read more about Oracle's stock moves and today's market action. In its 2025 fiscal year, which ended May 31, Oracle's revenue from its cloud services business amounted to $24.5 billion, and total revenue was $57.4 billion. Oracle shares jumped as much as 8.6% to an intraday high of $228. Despite paring gains, Oracle stock was set to hit a record close above its previous one last week of just over $215. Shares have climbed more than 33% over the past month, ahead of the tech-heavy Nasdaq's (^IXIC) 6.4% gain. Oracle's jump on Monday also follows a note from Stifel analyst Brad Reback upgrading the stock to Buy from Hold. Reback raised his price target on Oracle shares to $250 from $180, citing momentum in its cloud business. Reback wrote, 'Cloud gains should generate accelerating total revenue increases in coming years.' The company partnered with OpenAI ( and SoftBank (SFTBY) to launch the highly publicized $500 billion Stargate project to build out US AI data centers earlier this year, but the project has stalled. Reback wrote that 'while Oracle's expanding relationship with OpenAI is expected to contribute to Cloud growth going forward, management has indicated that potential revenue from the Stargate project would be incremental to current total Oracle revenue growth expectations.' Like other Big Tech hyperscalers, Oracle has ramped up its spending to build out data centers to power artificial intelligence. Oracle's capital expenditures soared from $6.9 billion in its 2024 fiscal year to $21.2 billion in 2025 and are expected to rise to over $25 billion in the current year. Still, it's spending much less than other tech firms. 'While the higher capital spending will lead to additional near-term gross-margin compression, there is no question this management team is extremely adept at managing expenses,' Reback wrote. But just as Oracle touched new highs, lauded short seller Jim Chanos warned that the wider ecosystem of AI stocks could be nearing a pullback, likening the surge in AI stocks to the dot-com bubble. 'There is an ecosystem around the AI boom that is considerable as there was for TMT [technology, media, and telecommunications] back in '99 and 2000,' Chanos told Bloomberg in an interview published Monday. 'But it is a riskier revenue stream because if people pull back, they can pull back capex very easily. Projects can get put on hold for six months or nine months, and that immediately shows up in disappointing revenues and earnings forecast if it happens.' 'We're not there yet, but that's one of the risks out there that I think a lot of people are underestimating,' he said. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Sign in to access your portfolio
Business Insider
14 hours ago
- Business
- Business Insider
Oracle upgraded to Buy from Hold at Stifel
Stifel analyst Brad Reback upgraded Oracle (ORCL) to Buy from Hold with a price target of $250, up from $180. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Yahoo
18-06-2025
- Business
- Yahoo
Datadog (DDOG) Gets $120 Price Target from Stifel — Analyst Reiterates Hold
Datadog, Inc. (NASDAQ:DDOG) is one of the . On June 16, Stifel analyst Brad Reback reiterated a 'Hold' rating on the stock with a $120.00 price target. Holding mixed views regarding the company's growth trajectory and investment strategy, the firm noted how Datadog did not provide an intra-quarter consumption update in its mid-quarter meeting last week. This is unlike its previous practices. It discussed its newer products, with management indicating that these products represent future revenue opportunities. However, this usually takes years to reach meaningful scale, and customers are currently focused on the existing product portfolio. Den Rise/ The company management also talked about its investment in expanding sales representative capacity, particularly in international and enterprise segments, and how it has been squeezing its gross and operating margins. According to the executives, using cost optimization measures could drive additional leverage. As such, the firm believes that increasing contributions from sales and marketing investments and easier core growth comparisons could lead to stability within the company's core business in late 2025. Despite this optimism, the firm is also concerned about the uncertainty associated with large generative AI customer behaviour, as it tends to impact future performance. Datadog, Inc. (NASDAQ:DDOG) offers a cloud-based SaaS platform for monitoring and analytics, specializing in cloud computing and AI-powered cybersecurity products. While we acknowledge the potential of DDOG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Globe and Mail
06-05-2025
- Business
- Globe and Mail
Analysts Conflicted on These Technology Names: Datadog (DDOG) and Klaviyo, Inc. Class A (KVYO)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Datadog (DDOG – Research Report) and Klaviyo, Inc. Class A (KVYO – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Datadog (DDOG) In a report released today, Brad Reback from Stifel Nicolaus maintained a Hold rating on Datadog, with a price target of $125.00. The company's shares closed last Friday at $105.00, close to its 52-week low of $98.30. According to Reback is a 5-star analyst with an average return of 10.3% and a 53.5% success rate. Reback covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Roper Technologies, and Dayforce Inc. ;'> Currently, the analyst consensus on Datadog is a Strong Buy with an average price target of $145.65. Klaviyo, Inc. Class A (KVYO) Benchmark Co. analyst Mark Zgutowicz reiterated a Buy rating on Klaviyo, Inc. Class A today and set a price target of $43.00. The company's shares closed last Friday at $32.83. According to Zgutowicz is a 5-star analyst with an average return of 15.8% and a 52.5% success rate. Zgutowicz covers the NA sector, focusing on stocks such as Getty Images Holdings, Integral Ad Science, and Meta Platforms. ;'> Currently, the analyst consensus on Klaviyo, Inc. Class A is a Strong Buy with an average price target of $46.89, representing a 45.8% upside. In a report issued on April 21, Barclays also maintained a Buy rating on the stock with a $35.00 price target.
