Core Viewpoint - Oracle's stock surged over 34%, marking its largest single-day increase since 1999, with a market value increase of approximately $200 billion, driven by a significant rise in its Remaining Performance Obligations (RPO) [1] Group 1: Financial Performance - Oracle's RPO experienced a remarkable year-over-year increase of 359%, reaching $455 billion, indicating strong future revenue potential [1] - Jefferies analyst Brent Thill's team noted that the RPO performance in Q1 exceeded market expectations, reinforcing the trend of accelerating business growth for Oracle [1] Group 2: Analyst Insights - Kirk Materne's analyst team highlighted that while Oracle's overall Q1 performance met expectations, the accelerated growth in Oracle Cloud Infrastructure (OCI) backlog was the key highlight of the earnings report [1] - The report supports Oracle's previous assertions regarding accelerated growth in future revenue and earnings per share [1] Group 3: Target Price Adjustment - Jefferies maintained a "Buy" rating on Oracle and raised its target price from $270 to $360, reflecting confidence in the company's growth trajectory [1]