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Oracle Soars to Record High After Disclosing $30 Billion Annual Cloud Deal

Analysts have raised price targets in response to robust MultiCloud growth alongside stable fiscal 2026 guidance

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Overview

  • An SEC filing on June 30 revealed multiple large cloud services agreements, including one set to generate over $30 billion in annual revenue beginning in fiscal 2028.
  • Oracle’s MultiCloud database revenue is expanding at more than 100 percent, reflecting strong enterprise demand for its cloud offerings.
  • Shares climbed over 5 percent to an intraday peak of $228.22, extending year-to-date gains to roughly one-third of the company’s value.
  • CEO Safra Catz confirmed the newly disclosed deals will not alter Oracle’s fiscal 2026 guidance, according to the SEC filing.
  • Stifel and other analysts have lifted Oracle’s price targets to as high as $250 per share on confidence in the company’s long-term cloud strategy.