Oracle’s Stock (ORCL) Set’s New High – Large Cloud Deals Fuel Bullish Sentiment
Oracle (ORCL) is riding a wave of bullish sentiment, with blockbuster cloud deals and strategic investments in artificial intelligence supporting the move higher. The Oracle stock price has once again set new highs today, hitting $228,22 early, and currently trading 1.6% up on the day.
This momentum is not just a short-term blip; analysts, including those at Jefferies, are increasingly confident in Oracle’s long-term growth trajectory, citing the company’s expanding cloud business and its potential to exceed already ambitious targets.
Jefferies’ recent research note underscores this optimism. The firm reiterated its “Buy” rating on Oracle, raising its price target to $220, a figure the stock has since surpassed. This bullish…
