Oracle Surges to 52-Week High on Cloud Strength and AI Ambitions
Oracle Corp. shares soared 13.3% to a record $202.49 after delivering fourth-quarter results that crushed analyst estimates, fueled by robust cloud revenue growth. The enterprise software giant now finds itself at the center of two transformative tech trends: multi-cloud infrastructure and artificial intelligence.
Wall Street responded with a wave of price target increases, with 14 of 18 analysts revising targets upward. Piper Sandler''s Brent Bracelin nearly doubled his target to $190, despite still implying modest downside from current levels. Oracle''s cloud segment counts Amazon Web Services, Google Cloud, and Microsoft Azure as key customers—a rare trifecta in the competitive cloud infrastructure market.
The company''s involvement in the Stargate AI project positions it as a dark horse in the global AI race. While not a pure-play cryptocurrency stock, Oracle''s infrastructure plays a foundational role for blockchain networks and enterprise crypto applications requiring scalable cloud solutions.