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.