On September 4, Oracle rose 3.03% in pre-market trading, trading at $158.77/share, with turnover of approximately $24.29 million. The stock extended gains following the announcement of a multi-year global partnership with Hewlett Packard Enterprise.

On the news front, HPE recently announced it will deploy its Juniper Networking equipment and services — including PTX and MX routers as well as QFX and EX switches — across Oracle's global AI data centers, along with multi-year network support services. HPE's CTO noted the deal would enable the construction of gigawatt-scale infrastructure. As part of the agreement, HPE has issued warrants to Oracle for the purchase of HPE common stock. The collaboration lays a critical networking foundation for Oracle's AI infrastructure, supporting a more efficient and scalable cloud platform.

Meanwhile, Morgan Stanley raised its price target on Oracle to $210 from $207 while maintaining an Equalweight rating. The average analyst price target stands at approximately $247.16 with an overweight consensus. Market attention is also turning to Oracle's upcoming quarterly earnings report scheduled for September 10 post-market, with consensus estimates projecting revenue of approximately $19.14 billion, representing 27.30% year-over-year growth, and adjusted EPS of $1.74.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)