Key Takeaways
- Oracle shares hit a record high Thursday, a day after the tech giant’s fiscal fourth-quarter results topped analysts’ estimates.
- CEO Safra Catz projected “dramatically higher” revenue growth rates in its current fiscal year.
- Analysts’ average price target for Oracle stock is up $26 from Wednesday to about $200, per Visible Alpha.
Oracle (ORCL) stock hit an all-time high as it led S&P 500 gainers Thursday, a day after the tech giant’s fiscal fourth-quarter results topped analysts’ estimates.
The shares surged over 13% to close at a record high of $199.86 Thursday, bringing their year-to-date gains to about 20%.
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 climbed to about $200, up roughly $26 from what it was on Wednesday morning, hours before the earnings report was released.
Thursday’s rally was also enough to send Oracle co-founder Larry Ellison back to the title of world’s second-richest person, according to Forbes.
This article has been updated since it was first published to reflect more recent share price values and analyst targets.
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