Wells Fargo: Oracle RPO Data Indicates OpenAI Could Generate Over $60B in Revenue by 2029
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
0mins
Should l Buy ORCL?
Source: SeekingAlpha
Oracle's Performance Obligations: There is ongoing debate regarding Oracle's performance obligations linked to OpenAI, but Wells Fargo believes these concerns are exaggerated and that the relationship will benefit Oracle in the long run.
Analyst Forecasts: Analyst Michael Turrin projects significant revenue growth for Oracle from FY27 to FY30, estimating that OpenAI could contribute approximately 25-30% to Oracle's EPS during FY28-FY30.
Market Reaction: Turrin considers the recent decline in Oracle's stock price to be excessive and maintains an Overweight rating with a price target of $280.
Cloud Market Potential: There is potential for Oracle to gain substantial market share in cloud infrastructure-as-a-service, as the artificial intelligence sector is still in its early stages.
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Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise
34 Analyst Rating
25 Buy
9 Hold
0 Sell
Moderate Buy
Current: 156.170
Low
180.00
Averages
309.59
High
400.00
Current: 156.170
Low
180.00
Averages
309.59
High
400.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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