Oracle Corporation (NYSE:ORCL) receives a new price target from Guggenheim, suggesting an 11.18% increase.The company's significant contract wins in the AI sector have led to a 37% surge in shares.Oracle's strategic partnerships and a 77% increase in cloud infrastructure sales forecast highlight its strong market positioning.Oracle Corporation (NYSE:ORCL) is a leading player in the technology sector, known for its database software and cloud infrastructure services. Recently, John DiFucci from Guggenheim se ...

Key Points Oracle reported results that fell short of Wall Street's expectations. However, the company's backlog exploded higher, sending the stock into orbit. Oracle stock has seen a commensurate increase in its valuation. 10 stocks we like better than Oracle › Shares of Oracle (NYSE: ORCL) charged sharply higher on Wednesday, soaring as much as 41.3% in early trading. As of 10:42 a.m. ET, the stock was still up 39.1%. The catalyst that sent the enterprise database, cloud, and artificial intell ...

Core Viewpoint - Oracle projects strong future revenue growth driven by new cloud contracts, despite recent quarterly results falling short of expectations [1][2] Group 1: Financial Performance - Oracle reported adjusted earnings of $1.47 per share, slightly below the forecast of $1.48, with revenue at $14.93 billion compared to estimates of $15.04 billion [1] - Revenue grew 12% year-over-year, with net income remaining steady at $2.93 billion [1] Group 2: Cloud Infrastructure Outlook - The company expects revenue in its cloud infrastructure division to surge 77% this fiscal year to $18 billion, up from $10 billion a year earlier [2] - Long-term projections include $32 billion by fiscal 2027, and targets of $73 billion, $114 billion, and $144 billion over the following three years [2] Group 3: Stock Market Reaction - Following the optimistic projections, Oracle's shares rose over 28% in after-hours trading, reaching $310, up from a regular session close of $241 [3] - Jefferies analyst Brent Thill raised the price target on Oracle to $360 from $270, citing accelerating demand in AI and cloud services as key drivers [6] - Wall Street consensus remains positive, with 34 analysts assigning a 'Moderate Buy' rating to Oracle [7] Group 4: Price Target Predictions - The average 12-month price target for Oracle stands at $263.93, indicating a potential 9.3% upside from current levels [9] - Price targets vary, with the most bullish at $400 and the most cautious at $195 [9]

Core Insights - Oracle's quarterly results fell short of analysts' expectations, but the company remains optimistic about its cloud infrastructure segment [1][4] - Total revenue increased by 6% to $14.13 billion, while net income rose by 22% to $2.94 billion, or $1.02 per share [1][4] - Revenue from Oracle's cloud services surged by 10% to $11.01 billion, making up 78% of total sales [1] Cloud Infrastructure Segment - The cloud infrastructure segment experienced a significant growth of 49%, reaching $2.7 billion in revenue [2] - Demand for computing power, particularly for artificial intelligence projects, is driving this growth [2] - Oracle plans to double its data center capacity within the calendar year due to record customer demand [2] Other Financial Metrics - Revenue from cloud and on-premises licenses decreased by 10% year over year, contributing $1.1 billion [3] - The company announced an increase in its quarterly dividend from $0.40 to $0.50 per share [3] - As of the latest close, Oracle's stock has declined nearly 11% year to date [3]