Key Takeaways
- Oracle shares soared to a record high Thursday after the company projected “dramatically higher” revenue growth in its current fiscal year.
- Several analysts raised their price targets for Oracle stock, citing the strong forecast.
- Deutsche Bank called Oracle’s results a “watershed cloud moment.”
Oracle (ORCL) shares soared to a record high Thursday, a day after the cloud computing giant said it expects “dramatically higher” revenue growth in its current fiscal year, prompting several analysts to lift their price targets.
The stock surged over 13% to close at an all-time high of $199.86 Thursday, leading gains on the S&P 500. With Thursday’s jump, the stock has added about 20% in 2025 so far.
KeyBanc said Oracle’s growth projections were “stunning” in a note to clients following the company’s quarterly results and raised its price target to $225 from $200. The bank pointed to comments from CEO Safra Catz that Oracle expects cloud infrastructure growth to increase from 50% in fiscal 2025 to more than 70% in fiscal 2026. Catz also called for a doubling in remaining performance obligations, a measure of revenue from contracts that has yet to be realized.
Deutsche Bank went even further, moving to $240 from $200 and calling Oracle’s results a “watershed cloud moment.” UBS meanwhile raised its target to $225 and Jefferies moved to $220, both from $200.
“Oracle is clearly winning on several fronts, most of which we believe is still largely under appreciated,” Deutsche Bank said.
This article has been updated since it was first published to reflect more recent share price values.
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