From Yahoo Finance: 2025-06-12 12:52:00

Oracle stock (ORCL) surged 14% to hit a record high of $202.44 after exceeding Q4 revenue and earnings expectations. The company raised its annual revenue forecast, anticipating strong demand for AI cloud services. CEO Safra Ada Catz projects FY2026 revenue to reach at least $67 billion.

Analysts from JPMorgan, Jefferies, UBS, and Deutsche Bank raised Oracle’s price targets to $240 following the results. Oracle’s financial results had previously fallen short, but the recent performance demonstrates strength in the AI arena. Oracle plans to invest $7 billion in the Stargate AI project, despite setbacks due to trade war concerns.

Chairman Larry Ellison stated Oracle will surpass its competitors in building and operating cloud infrastructure data centers. The company’s capital expenditure forecast for FY2026 exceeds estimates, leading to potential impacts on free cash flow. JPMorgan’s Mark Murphy pointed out the substantial CapEx revision for FY26.



Read more at Yahoo Finance: Oracle stock touches all-time high after earnings beat