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Last updated 1 day ago

ORCL·Oracle Corporation

$155.11
-4.01 (-2.46%)
Market Closed (Overnight)
High
$167.83
Open
$164.66
Market Cap
446.10B
52W High
$345.72
Low
$157.88
P. Close
$159.35
P/E
27.52
52W Low
$118.86
Technical Score (1D)
41
SELL
News Sentiment
70
BULLISH

What’s happening to ORCL today?

Oracle reported a strong Q3, with overall revenue up 21.7% driven by an impressive 84% surge in infrastructure revenue, signaling robust cloud adoption. This performance exceeded analyst expectations, with revenue reaching $17.19 billion and adjusted earnings growing 21% year-over-year. The company also launched a new AI-powered clinical tool designed to reduce administrative burdens in hospitals, potentially freeing up significant time for medical professionals. Looking ahead, Oracle provided optimistic revenue guidance for the fourth quarter, indicating continued expansion. However, recent analyst sentiment shows a mixed outlook. Jefferies maintained a Buy rating but lowered its price target to $320, citing more conservative assumptions for AI-related activities and margins, even while acknowledging strong cloud infrastructure growth and backlog. Similarly, Cantor Fitzgerald reduced its price target to $229 but maintained an 'Overweight' rating, noting stronger demand in database and SaaS segments, with SaaS performance expected to surpass forecasts. Institutional investors have shown varied activity. CSM Advisors LLC significantly reduced its Oracle holdings by 80.3%, while Crawford Investment Counsel Inc. decreased its stake by 7.2%. Conversely, the California Public Employees Retirement System (CalPERS) boosted its Oracle investment by 9.2% in the third quarter, adding to its substantial position. Investors will be watching Oracle's continued execution on its cloud and AI strategies, as well as how these divergent institutional trades play out in the near term.
Oracle Corporation (ORCL) Stock Price, News, Analysis | DailyIQ