Oracle Corporation (NYSE:ORCL) hit a new all-time peak with its stock price reaching $216.60, underscoring the company’s strong momentum in the technology sector. Valued at over $600 billion, Oracle’s shares have surged 56.4% in the past year, driven by its leadership in cloud computing and enterprise software solutions. The firm’s solid financial base is reflected in its $57.4 billion annual revenue and a price-to-earnings ratio near 47.7.
Oracle recently delivered fiscal fourth-quarter results that beat expectations on both revenue and earnings per share, setting the stage for continued expansion in fiscal 2026. Reflecting this optimism, BNP Paribas Exane raised its price target on Oracle to $226 from $190, maintaining an Outperform rating and highlighting strong growth in cloud database services and Oracle Cloud Infrastructure (OCI). Jefferies followed suit, increasing its price target to $220, citing robust cloud revenue and contractual commitments. Guggenheim also raised its price target to $250, expressing confidence in Oracle’s accelerating revenue and operating profit growth.
On the innovation front, Oracle announced a collaboration with xAI to integrate Grok AI models through Oracle Cloud Infrastructure’s Generative AI offerings, enhancing enterprise AI capabilities. Additionally, Oracle plans to incorporate AMD’s Instinct MI355X GPUs into its cloud infrastructure, aiming to boost AI workload performance and cost efficiency. This partnership with AMD will support high-demand AI training and inference, complemented by advanced networking features.
These initiatives reinforce Oracle’s strategy to solidify its foothold in the growing fields of artificial intelligence and cloud services, positioning the company for sustained success.