Jun 30, 10:09 AM

Stifel Upgrades Oracle, Jefferies Raises Disney Target in Back-to-Back Calls

Stifel analyst Brad Reback upgraded Oracle to Buy from Hold and lifted his 12-month price target to $250 from $180, implying roughly 30% upside. The note cites the software maker’s rapid increase in cloud-infrastructure spending, strong backlog in remaining performance obligations and disciplined expense management, which Stifel believes can sustain double-digit earnings-per-share growth. Separately, Jefferies raised Walt Disney to Buy from Hold and boosted its target to $144 from $100. Analyst James Heaney argues that any late-2025 slowdown at the company’s theme parks now looks unlikely, while the scheduled launch of two cruise ships next year could add more than $1 billion in revenue. Jefferies also expects Disney’s direct-to-consumer margins to expand from break-even in fiscal 2024 to above 13% by 2028, helped by a stronger content pipeline that includes ESPN’s stand-alone streaming service, ‘Avatar 3’ and ‘Zootopia 2’. Disney shares rose about 2% in early trading to $124.84, while Oracle’s stock was little changed in pre-market activity. Both calls add to a trend of Wall Street firms turning more positive on large-cap technology and media names as they lean on subscription revenue and cost controls to lift profitability.

#Stifel #Brad Reback #Oracle #Buy from Hold #Jefferies #Walt Disney #James Heaney #Disney #ESPN #Avatar #Zootopia #Wall Street

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Stifel Upgrades Oracle, Jefferies Raises Disney Target in Back-to-Back Calls

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