Barclays is getting optimistic on Oracle ahead of its upcoming quarterly report, as the tech company is expected to give more details on a major contract unveiled in June. The bank raised its price target on the cloud software giant to $281 per share from $221 in a Monday note, while reiterating its overweight rating. Barclays' forecast implies nearly 18% upside. Analyst Raimo Lenschow thinks this report "will be very different versus other years." He said that's because of "the very large $30bn contract the company discussed in an 8K filing released late June." ORCL YTD mountain ORCL year to date "We expect more details on the contract this quarter regarding the impact on RPO (the contract is likely multi-year, which means a $30bn ARR contract could drive RPO up very meaningfully again) b

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