Oracle stock forecast February 2026 takes center stage as the tech giant announces plans to raise $45-50 billion to expand its cloud infrastructure capacity. This massive capital injection comes as Oracle Cloud Infrastructure (OCI) sees unprecedented demand from enterprise clients and AI workloads.
Oracle Stock Forecast February 2026 – Market Overview
Oracle shares (NYSE: ORCL) currently trade at $128.45, up 2.8% in pre-market following the capital raise announcement. The stock has gained 7.2% over the past week, outperforming the Nasdaq Composite’s 3.1% gain during the same period. Year-to-date, ORCL has rallied 18.5%, testing resistance near its all-time high of $132.80 set in January 2026.
Trading volume spiked to 28 million shares yesterday, nearly double the 30-day average, as institutional investors positioned for the upcoming capital raise. The stock remains 4.3% above its 200-day moving average ($123.15), confirming the long-term bullish trend. Over the past three sessions, ORCL has shown consistent buying pressure with higher lows, suggesting strong accumulation.
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Oracle’s market capitalization now stands at $345 billion, making it the 15th largest U.S. company by market value. The cloud infrastructure segment grew revenue by 42% year-over-year in Q4 2025, according to Bloomberg reports, outpacing competitors like AWS and Azure.
Fundamental Analysis and Key Drivers
The $50 billion capital raise represents Oracle’s largest funding initiative since its founding in 1977. The balanced approach – 50% equity and 50% debt – aims to maintain the company’s investment-grade credit rating while funding aggressive cloud expansion. Reuters analysis suggests this move could position OCI as the third-largest cloud provider by 2027. As Reuters reports.
Key demand drivers include:
This relates to our previous report on USD/JPY Analysis January 2026: Critical Bearish Warning Signal.
- Contracted commitments from 12 Fortune 100 companies migrating to OCI
- AI workload capacity booked through 2028
- Government cloud contracts worth $8 billion announced in Q3 2025
The Federal Reserve’s expected rate cuts in Q2 2026 should support Oracle’s debt issuance, with analysts predicting 75-100 basis points of easing. This comes as cloud infrastructure spending shows no signs of slowing, with Gartner forecasting 28% annual growth through 2027.
Oracle Technical Analysis Today
The weekly chart shows ORCL breaking out from a 6-month consolidation between $115 and $125. Key levels to watch:
Support:
- $125.80 (January 2026 low)
- $122.30 (50-day moving average)
- $118.50 (200-day moving average)
Resistance:
- $132.80 (all-time high)
- $135.00 (psychological level)
- $140.00 (measured move target)
The RSI sits at 62, approaching overbought territory but with room for additional upside. MACD shows bullish momentum with the signal line crossing above zero last week. Volume patterns confirm institutional accumulation, with 3 accumulation days in the past 5 sessions.
Trading Outlook and Price Prediction
Our February 2026 outlook remains bullish with a $140 price target, representing 9% upside from current levels. The capital raise announcement removes uncertainty about funding for growth initiatives, while technicals suggest breakout momentum is building.
Bullish Scenario: A clean break above $132.80 could trigger algorithmic buying programs, potentially reaching $140 by month-end. This would require sustained volume above 25 million shares daily.
Bearish Risk: Failure to hold $125 support would signal distribution, potentially testing $118.50. This could occur if equity dilution concerns emerge during the $20 billion ATM offering.
Key dates to watch:
- February 15, 2026 – Expected bond pricing
- February 28, 2026 – Q4 earnings release
- March 5, 2026 – First ATM equity issuance
