Oracle Shares Surge Nearly 9% as Analyst Cites Cloud Growth and Buying Opportunity

Stock News04-13 23:14

Oracle (ORCL.US) stock rose nearly 9% on Monday, reaching $150.30. The move follows an analyst's view that the recent broad sell-off in tech stocks, combined with investor concerns over Oracle's substantial capital expenditures, had driven the share price down to approximately $138 as of April 11th. However, for patient investors skilled at identifying opportunities, this decline presents an excellent chance to buy shares in the technology giant. The analyst highlighted that in its most recent quarterly report, Oracle's total revenue increased by 22% year-over-year. Notably, revenue from its cloud infrastructure segment saw an impressive 84% surge, approaching the $50 billion mark. Oracle also reaffirmed its performance outlook for fiscal year 2026 and raised its expectations for fiscal year 2027. The company anticipates that revenue could reach $900 billion by 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment