Analysts reboot Oracle stock price targets
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Oracle, Day After
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Oracle shares soared to a record high Thursday, a day after the company projected “dramatically higher" revenue growth in its current fiscal year.
Oracle Corporation beat Q4 expectations with strong cloud growth and AI-driven growth. Click for how ORCL valuation limits upside, but the long term remain bullish.
Oracle (ORCL) stock has bested the naysayers on Thursday by reaching a new all-time high above $200 per share. The database software company was boosted after reporting its fiscal Q4 earnings late Wednesday.
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The S&P 500 ended higher on Thursday after a strong outlook from Oracle fueled optimism around artificial intelligence, offsetting worries about tension in the Middle East and a drop in Boeing shares.
From an underdog priced at a heavy discount, Oracle is now emerging as a leader in the cloud with a stock that is priced accordingly. Learn more on ORCL stock here.