Oracle Stock Soars 27%: How High Can It Fly After 359% Cloud Backlog Explosion?

Oracle just jolted Wall Street with a massive earnings surprise—shares skyrocketed 27% in after-hours trading as the company's cloud backlog surged an astonishing 359%.

The Cloud Engine Ignites

Enterprise clients are scrambling to lock in Oracle's cloud infrastructure, creating a demand tsunami that's pushing contracts into uncharted territory. That backlog growth isn't just impressive—it's borderline ridiculous.

Market Momentum Builds

Traders are piling in as Oracle demonstrates it can actually compete with cloud giants. The surge signals something Wall Street rarely admits: sometimes old tech dogs can learn new cloud tricks.

Future Trajectory

With this kind of backlog momentum, analysts are scrambling to upgrade price targets. The real question isn't whether the stock will keep climbing—but how high it can go before the finance bros find something else to overhype.

Oracle's proving that in the cloud race, even legacy players can suddenly find rocket fuel—much to the dismay of short sellers who thought this was just another boring enterprise software story.

Oracle Share Price Jumps 27%: What’s the Deal?

Oracle Corporation has announced the Q1 projections for the year 2026, stating that bullish AI cloud demands are increasing at a rapid pace. The firm shared that it expects its cloud infrastructure to grow 77% from $18 billion this year. Later on, the statement includes a fresh analysis, a prediction expecting its revenue to eventually hit $144 billion over the subsequent four years (2030).

said CEO Safra Catz in a statement Tuesday.

Catz later shared how the firm has signed multi-billion-dollar contracts with three new customers, helping it lead the AI cloud computing domain.

ORCL Stock Update

The aforementioned bullish projections were quick to impact ORCL’s share price, which jumped 23% overnight, sitting at $232 at press time.

BREAKING: Oracle stock, $ORCL, surges over +23% after reporting earnings with a +359% increase in contracted revenue.

As we continue to reiterate, we are still so early in the AI Revolution. pic.twitter.com/ZuepvHiMZC

Oracle Corporation Stock: Where To Next?

As per TipRanks ORCL share data, the stock is eyeing a new high of $400, which it can achieve soon, considering the bullish projections above.