Reported about 18 hours ago
Oracle's stock surged nearly 4% on June 30, 2025, hitting a record closing high after announcing several multibillion-dollar cloud service agreements. CEO Safra Catz highlighted robust growth in multi-cloud database revenue, projecting over $30 billion in annual revenue from a major deal starting in FY28. Despite a recent upgrade from Stifel analyst Brad Reback, who raised the price target to $250, concerns linger about potential risks to the AI ecosystem's sustainability.
Source: YAHOO