Oracle stock (NYSE: ORCL) is back in the spotlight after the Nvidia earnings call. The AI and GPU titan exceeded all market expectations and calmed down the AI bubble fears. ORCL, which remained on the back foot, surged 1.20% after Nvidia’s sales hit $68 billion. The development has brought in fresh optimism in the broader stock market.

ORCL opened at $147 on Thursday’s closing bell and remains on the greener side of the spectrum. Oracle’s stock was under intense pressure as it dipped close to 25% year-to-date. The technicals remain bearish as traders remained out of the equity due to fears of its technology going obsolete with the formation of AI.

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12 Months Oracle Stock Price Target (ORCL)

Oppenheimer analyst Brian Schwartz recently upgraded Oracle stock with a ‘buy’ rating. The strategist remains bullish on ORCL and provided a target with a bigger upside. The equity is now a must-watch asset as chances of a rally remain on the cards. Traders could make profits in the equity after nearly two years.

Schwartz wrote that Oracle stock could reach a high of $185 in the next 12 months. That’s an uptick and return on investment (ROI) of approximately 25% from its current price. Therefore, an investment of $1,000 could turn into $1,250 in the next 12 months if the forecast turns out to be accurate.

“While our call may be early, since it will take time for Oracle to show financial success as a more capital-intensive business in future results, we see a favorable risk/reward after the stock’s multiples have been cut by more than half since September,” Schwartz wrote.

Schwartz views Oracle stock as a “strong EPS compounder,” driven largely by its Cloud computing infrastructure. However, on the downside, the analyst wrote that if the earnings call turns disappointing, ORCL could slide 25% and face a haircut.