Oracle’s stock price skyrocketed 36% after revealing a record $455 billion in future revenue obligations. Jefferies analysts raised their price target to $360 due to cloud and AI growth potential. CEO Larry Ellison briefly became the world’s richest person, surpassing Elon Musk. The surge marked Oracle’s best one-day performance since 1992.

Jefferies projects Oracle Cloud Infrastructure to reach $144 billion by 2030, with a compound annual growth rate of nearly 70%. Multicloud database revenue surged over 1,500% year over year, showcasing strong adoption of Oracle’s strategy. The company plans to add 37 data centers in the coming years. Despite revenue growth falling short of Wall Street’s estimate, Oracle’s capital expenditure forecast for 2026 increased to $35 billion.

Analysts caution that AI infrastructure expansion may squeeze margins, but emphasize the company’s significant backlog and growing demand for AI workloads. Oracle’s ongoing cloud expansion and robust multicloud database revenue suggest continued growth despite near-term challenges.

Read more at Yahoo Finance: Oracle’s stock skyrocketed. Jefferies analysts say there could be even more room to run.