[Mar 11, 2026] Oracle’s AI Momentum, Micron’s Bold $500 Target, and Uber’s Robotaxi Future
[Top Story: The AI Infrastructure Leaders]
■ Oracle (ORCL): Crushing Estimates with Explosive Backlog
Earnings Beat: Oracle reported Q3 EPS of $1.79 (vs. $1.70 exp) and Revenue of $17.2B (vs. $16.92B exp).
RPO Surge: The highlight was the Remaining Performance Obligation (RPO), which skyrocketed 325% YoY to $553 billion, signaling massive future demand for AI cloud services.
Bullish Guidance: Raised FY2027 revenue guidance to $90B (up from $86.6B). Q4 EPS is projected between $1.96–$2.00, beating the $1.94 consensus.
■ Micron Technology (MU): The $500 Price Target
Wolf Research Upgrade: Massive TP hike from $350 to $500 with an "Outperform" rating.
Projections: Forecasted 2026 Revenue of $94B (EPS $44) and 2027 Revenue of $125B (EPS $61) based on a projected 100% surge in DRAM prices and a 95% jump in NAND prices in 2026.
AI Demand: Analysis of Nvidia and Alphabet roadmaps suggests DDR and HBM consumption will spike 124% in 2026 and 143% in 2027.
■ Salesforce (CRM): Aggressive Shareholder Returns
Buyback Strategy: Truist maintained Buy ($280 TP) as Salesforce plans to issue up to $25 billion in debt to fund massive share buybacks.
Undervalued: Management believes the stock is significantly undervalued following a recent dip caused by AI competition fears.
■ Adobe (ADBE): Growth Concerns Ahead of Earnings
Downgrade: TD Cowen lowered its TP from $400 to $325 (Hold), citing mixed credit card data and partner surveys suggesting a slowdown in New ARR (Annual Recurring Revenue) growth.
[Mobility & Aerospace]
■ Uber (UBER): The Robotaxi Era with Amazon’s Zoox
Partnership: Uber signed a multi-year deal with Zoox (Amazon's subsidiary) to launch steering-wheel-less robotaxis on the Uber platform, starting in Las Vegas this summer.
Pricing Power: BofA maintained Buy ($103 TP), noting Uber's strong pricing power as it raises Uber Eats fees today to offset costs and reinvest in delivery efficiency. Uber One subscribers have reached 46 million.
■ Boeing (BA): Strong Deliveries Despite Minor Glitches
February Performance: Delivered 51 aircraft in February, the highest for that month since 2017.
Short-term Delay: Some 737 MAX deliveries are facing minor delays due to "scratched wiring" issues, but the company maintains that its annual delivery targets remain unchanged.
■ AeroVironment (AVAV): Guidance Cut
Miss: Reported EPS of $0.64 and Revenue of $408M, missing consensus.
Outlook: Lowered annual revenue guidance to $1.9B (from $2.0B) due to uncertainties surrounding the U.S. SCAR program.
[Retail & Consumer Trends]
■ Target (TGT): Combatting Inflation for Consumers
Price Cuts: Target will slash prices by 5–20% on over 3,000 items across apparel and daily essentials to support consumers struggling with the high cost of living.
■ Nike (NKE): Improving Risk/Reward
Upgrade: Barclays upgraded Nike to Overweight ($73 TP), citing improved execution and a healthier balance sheet.
■ CarMax (KMX): Activist Pressure
Starboard Value: The activist fund took a $305M stake and is demanding a board overhaul, betting on a digital-first turnaround under new leadership.
■ Campbell Soup (CPB): Blaming the Weather
Earnings Miss: Reported EPS of $0.51 (vs. $0.57 exp). Management cited severe snowstorms in January for shipment delays and supply chain costs. Lowered FY2026 EPS guidance to $2.15–$2.25.
[Energy & Industrials]
■ Chevron (CVX): Expanding in Venezuela
Resource Hunt: Chevron is in talks with Venezuelan authorities to expand the Petropiar project and begin drilling in the oil-rich Ayacucho 8 region, seeking tax incentives.
■ Cintas (CTAS): Major Acquisition
M&A: Cintas is acquiring its rival UniFirst (UNF) for $5.5 billion in a cash-and-stock deal. UniFirst shareholders will receive $155 cash plus 0.772 Cintas shares per unit.
■ Airlines (DAL, AAL, UAL): Bernstein suggests the recent dip due to Middle East tensions is a "Buy the Dip" opportunity, noting that historical airline performance proves resilient against fuel price shocks.
[Special Highlights]
■ Upstart (UPST): A New Banking Player?
Upstart Bank: The AI-lending platform announced plans to apply for a federal charter to establish its own national bank.
■ Paramount Skydance (PSKY): Integration Woes
Downgrade: BofA lowered its TP to $11 (Underperform), warning that the complex integration of Paramount, Skydance, and now Warner Bros. Discovery (WBD) will create significant friction and cost.
