ORCL Stock Rallies Into Earnings Week: OpenAI GPT-6 Astra Buzz, Morgan Stanley’s Big Target Give Bulls A Boost

• Morgan Stanley raised its Oracle price target to $210, implying about 30% upside, while keeping a Neutral rating.

• Investors await Oracle's Sept. 10 earnings, with cloud growth and AI spending in focus.

• Retail sentiment for ORCL turned 'bullish.'

Oracle Corp. stock staged a strong rebound last week, and retail traders are getting more excited as earnings day draws near.

Oracle shares rose more than 3% in overnight trading late Monday, extending a three-day, 12.6% rally fueled by fresh optimism over its AI positioning and a new product reveal from its key customer, OpenAI.

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OpenAI's latest AI model, GPT-6 Astra, is giving investors another reason to look more favorably at Oracle, as stronger demand for OpenAI's advanced technology could ultimately translate into more business for Oracle. The companies have a $300 billion cloud supply deal, with Oracle rapidly building new data centers to meet OpenAI's growing capacity needs.

Wall Street is also becoming more constructive heading into earnings. Morgan Stanley raised its price target on Oracle stock to $210 from $207 while maintaining a 'Neutral' rating, citing growing confidence in Oracle's transition toward cloud infrastructure. The target implies a 30% upside from the stock's last close.