TradingKey – Oracle (NYSE: ORCL) gained 9.22% to close at $141.85 on August 3. This was the best single-day gain for Oracle in months. The catalyst for this gain was a Google Cloud partnership, winning a $400 million HR modernization contract to CACI, expanding Oracle Health to Ontario’s hospitals, and the release of Gemini AI to Oracle Fusion and NetSuite. At $141.85 per share, Oracle is up from 52 week low of $114.50 but is still down 28% for the year. Oracle’sCloud Infrastructure Services revenue grew 93% for its most recent quarter.
The Backlog That Defines the Investment Case
The $638 billion in Performance Obligation backlog is record high. Average analyst target price is $265.03. Investors identify Oracle’s record $638 billion…






