Oracle Stock Is Moving Higher Wednesday: What's Going On?

Oracle Corp ORCL shares are trading higher Wednesday on the heels of the company’s quarterly results. The company also announced partnerships with Google, Microsoft and OpenAI.

What To Know: Oracle reported fourth-quarter revenue of $14.3 billion, missing the consensus estimate of $14.554 billion, according to Benzinga Pro. Oracle reported fourth-quarter adjusted earnings of $1.63 per share, missing average analyst estimates of $1.65 per share. 

Oracle highlighted the strength of recent AI demand. The company said it signed over 30 AI sales contracts in the fourth quarter totaling more than $12.5 billion, including one contract with Open AI to train ChatGPT in the Oracle Cloud. Oracle announced a partnership with Microsoft Corp MSFT and OpenAI to provide additional capacity for OpenAI.

"In Q3 and Q4, Oracle signed the largest sales contracts in our history — driven by enormous demand for training AI large language models in the Oracle Cloud," said Safra Catz, CEO of Oracle.

"These record-level sales drove RPO up 44% to $98 billion. Throughout fiscal year 2025, I expect continued strong AI demand to push Oracle sales and RPO even higher — and result in double-digit revenue growth this fiscal year. I also expect that each successive quarter should grow faster than the previous quarter."

Oracle also announced a partnership with Alphabet Inc’s GOOG Google Cloud, giving customers the choice to combine Oracle Cloud Infrastructure and Google Cloud technologies to help accelerate application migrations and modernization.

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Analyst Changes: Multiple analysts raised price targets on the stock on Wednesday.

• Piper Sandler analyst Brent Bracelin maintained Oracle with an Overweight and raised the price target from $140 to $150.

• B of A Securities analyst Brad Sills maintained Oracle with a Neutral and raised the price target from $144 to $155.

• Keybanc analyst Jason Ader maintained Oracle with an Overweight and raised the price target from $150 to $165.

• JPMorgan analyst Mark Murphy maintained Oracle with a Neutral and raised the price target from $105 to $110.

• Morgan Stanley analyst Keith Weiss maintained Oracle with an Equal-Weight and raised the price target from $115 to $125.

• Stifel analyst Brad Reback maintained Oracle with a Hold and raised the price target from $120 to $135.

ORCL Price Action: Oracle shares were up 7.52% at $133.19 at the time of publication Wednesday, according to Benzinga Pro.

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