Key Takeaways
- Oracle are jumping Thursday morning, a day after the tech giant’s fiscal fourth-quarter results topped analysts’ estimates.
- CEO Safra Catz predicted “dramatically higher” revenue growth rates in its new fiscal year.
- Analysts’ average price target for Oracle stock is up $20 from Wednesday to nearly $194, per Visible Alpha.
Oracle (ORCL) stock is leading S&P 500 gainers Thursday morning, a day after the tech giant’s fiscal fourth-quarter results topped analysts’ estimates.
CEO Safra Catz said the company’s fiscal 2025 was a “very good year,” but said she believes fiscal 2026 “will be even better as our revenue growth rates will be dramatically higher.”
The report made several analysts more bullish on Oracle, as the average price target compiled by Visible Alpha is about $194, up roughly $20 from what it was on Wednesday morning, hours before the earnings report was released.
Oracle shares, which are up nearly 11% at more than $195, opened at their highest level since January and are approaching a record intraday high of $198.31 set last December.
UPDATE—This article has been updated with the latest share price information.
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