Reported 1 day ago
Oracle's stock skyrocketed over 13% to an all-time high of $199.87 following strong fiscal fourth quarter results, with revenue of $15.9 billion and earnings per share of $1.70 exceeding analyst expectations. The company expects robust demand for its AI cloud services, raising its revenue forecast for fiscal 2026 to at least $67 billion. Analysts have responded positively, with several raising price targets for the stock up to $240. Oracle aims to invest significantly in its Stargate AI project amidst challenges from ongoing trade issues.
Source: YAHOO