Key Takeaways

Oracle ( ORCL ) is set to report fiscal third-quarter results after the market closes Monday, with analysts watching for revenue growth and possible commentary on the company's Stargate joint venture .

Of the 14 analysts covering the stock tracked by Visible Alpha, eight have “buy” or equivalent ratings, with six giving the stock a “hold” rating. Their consensus price target of near $194 would suggest about 25% upside from Friday's close.

The cloud services giant is expected to report fiscal first-quarter revenue of $14.38 billion, up around 8% year-over-year. Adjusted earnings are expected to land at $4.29 billion, or $1.49 per share, up from $3.98 billion, or $1.41 per share, a year earlier.

UBS analysts said they will be watching for commentary on Stargate, Oracle's joint venture with OpenAI and SoftBank . Information on the up to $500 billion artificial intelligence infrastructure project "has the potential to outweigh everything else" from Oracle's earnings call, the analysts said Thursday. UBS maintained a "buy" rating and $210 price target.

"Sentiment has been incrementally more positive post the [Jan. 21] Stargate announcement," Jefferies analysts said Thursday, reiterating a price target of $220.

Shares of Oracle are down this year but up about 35% over the past 12 months. The stock rose nearly 3% on Friday.

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