Oracle Shares Surge Nearly 9% as Analyst Cites Cloud Growth and Buying Opportunity

Stock News
04/13

Oracle (ORCL.US) stock rose nearly 9% on Monday, reaching $150.30. The move follows an analyst's view that the recent broad sell-off in tech stocks, combined with investor concerns over Oracle's substantial capital expenditures, had driven the share price down to approximately $138 as of April 11th. However, for patient investors skilled at identifying opportunities, this decline presents an excellent chance to buy shares in the technology giant. The analyst highlighted that in its most recent quarterly report, Oracle's total revenue increased by 22% year-over-year. Notably, revenue from its cloud infrastructure segment saw an impressive 84% surge, approaching the $50 billion mark. Oracle also reaffirmed its performance outlook for fiscal year 2026 and raised its expectations for fiscal year 2027. The company anticipates that revenue could reach $900 billion by 2027.

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