Oracle Stock Hits All-Time High as CEO Touts Cloud Deal Worth Over $30 Billion a Year
Oracle (ORCL) shares surged to an all-time high Monday as CEO Safra Catz touted what she called a 'strong start' to fiscal 2026 for the tech giant, with several new cloud deals.
The stock was up about 5% near $221 in recent trading. After setting an intraday record $228.22 earlier in the session, it's on track to beat last Tuesday's closing high. The move also made it one of the best-performing stocks in the S&P 500 Monday.
'Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28,' Catz said in a filing with the Securities and Exchange Commission Monday ahead of a meeting with others at Oracle.
Separately, analysts at Stifel reportedly raised their price target for Oracle stock to $250 per share from $180, pointing to Oracle's strong cloud growth. With the move, Stifel joins UBS at $250, representing the highest target for the stock among analysts surveyed by Visible Alpha.
The news comes after Oracle earlier this month delivered better-than-expected results for the fiscal fourth quarter, sending shares higher in the wake of the report. Catz said at the time that Oracle expects cloud infrastructure growth to increase from 50% in fiscal 2025 to more than 70% in fiscal 2026, ahead of Wall Street analysts' projections.
With Monday's gains, Oracle shave have added roughly a third of their value in 2025 so far.
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