Reported about 13 hours ago
Oracle's stock experienced a remarkable 36% surge, reaching a record closing price of $328.33 after announcing $455 billion in future revenue obligations. Analysts at Jefferies predict continued growth, raising their price target to $360, driven by strong demand for Oracle's AI-powered cloud services. Despite some revenue falling short of expectations, the company's multicloud strategy and significant infrastructure investments indicate a promising future. Oracle has gained 97% year-to-date, and analysts believe there is potential for even further increases.
Source: YAHOO