Oracle Corporation provides products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Fusion cloud advertising and customer experience, and NetSuite applications suite. The company also offers cloud-based industry solutions for various industries; Oracle application licenses; and Oracle license support services. In addition, it provides cloud and license business' infrastructure technologies, such as the Oracle Database, an enterprise database; Java, a software development language; and middleware, including development tools and others. The company's cloud and license business' infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities through its Oracle cloud infrastructure as a service offerings. Further, it offers infrastructure offerings comprising Oracle autonomous data warehouse cloud service, Oracle autonomous transaction processing cloud service, Internet-of-Things, digital assistant, and blockchain. Additionally, the company provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services; and consulting services. The company markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.
IPO Year: 1986
Exchange: NYSE
Website: oracle.com
Date | Price Target | Rating | Analyst |
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10/23/2024 | $165.00 | Sector Perform | RBC Capital Mkts |
9/16/2024 | $210.00 | Hold → Buy | Melius |
9/10/2024 | $160.00 → $173.00 | Market Perform | BMO Capital Markets |
9/10/2024 | $175.00 | Mkt Perform → Mkt Outperform | JMP Securities |
6/17/2024 | $142.00 → $160.00 | Market Perform | BMO Capital Markets |
4/18/2024 | Perform | Oppenheimer | |
3/21/2024 | $150.00 | Overweight | KeyBanc Capital Markets |
3/14/2024 | Hold → Buy | Argus | |
3/12/2024 | $126.00 → $142.00 | Market Perform | BMO Capital Markets |
3/12/2024 | Mkt Perform → Outperform | William Blair |
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Life sciences, academic medical centers, health systems, and research institutes can gain insights into diseases and their impact on patients to optimize therapeutic launch strategies Pre-built and continuously updated analytics platform has unprecedented variety of real-world data sources, including CancerMPact and multiomics NASHVILLE, Tenn., Oct. 30, 2024 /PRNewswire/ -- Oracle Health Summit -- Oracle today launched Oracle Analytics Intelligence for Life Sciences. The AI-powered, cloud-scale, data and analytics platform streamlines and helps accelerate insight generation by unifying disparate data sets into a single, intelligent workbench. The new solution empowers users to answer multidi
Oracle is collaborating with Meharry Medical College regarding technology and resources for students and providers, a research collaborative, and a Meharry established community clinic and wellness center NASHVILLE, Tenn., Oct. 30, 2024 /PRNewswire/ -- Oracle Health Summit -- Oracle Health and Meharry Medical College today announced plans to improve medical education and community healthcare across Middle Tennessee and beyond. As part of their non-binding MOU, Meharry and Oracle aim to establish a health technology education and research collaborative, a health innovation hub, and a community care and wellness center in Nashville. The two organizations will also work together to cultivate th
Built for maximum security and AI innovation, Oracle transforms the EHR from an administrative burden into a clinical asset to help improve care delivery NASHVILLE, Tenn., Oct. 29, 2024 /PRNewswire/ -- Oracle Health Summit -- Today, Oracle is previewing its next-generation electronic health record (EHR) to thousands of customers and partners attending the Oracle Health Summit. Built from the ground up to take advantage of the high performance and military-grade security1 of Oracle Cloud Infrastructure (OCI), the EHR is designed to embed AI across the entire clinical workflow to automate processes, deliver insights at the point of care, and dramatically simplify appointment prep, documentatio
Complementary and integrated cloud applications streamline patient access to their medical records, empower them to actively manage their healthcare with self-service tools, reduce administrative burden for staff NASHVILLE, Tenn., Oct. 29, 2024 /PRNewswire/ -- Oracle Health Summit -- Today Oracle announced two new cloud applications, built from the ground up, that make it easier for consumers to manage their healthcare and for front desk staff to support them. Easily accessed through the consumer-grade Oracle Health app, Oracle Health Patient Portal is an intuitive solution that enables patients to securely review and share their health information, easily connect with providers, and conveni
Developments are the latest in Oracle's commitment to bridge the gap between clinical research and patient care to help speed the development of and access to breakthrough treatments NASHVILLE, Tenn., Oct. 29, 2024 /PRNewswire/ -- Oracle Health Summit -- To help life sciences organizations accelerate and reduce the cost and complexity of clinical trials so they can get lifesaving treatments to market faster, Oracle Life Sciences today announced Oracle Site Feasibility and Oracle Patient Recruitment Cloud Services. Running on Oracle Cloud Infrastructure (OCI), the new Oracle Life Sciences services benefit from best-in-class security and trust in handling and storing Protected Health Inform
Proven Tech Exec Joins Fusion's Leadership Team to Enhance Customer Success, Professional Services, and Support During Next Stage of Growth Fusion Risk Management, Inc. ("Fusion"), a leading provider of operational resilience and business continuity software, today announced that veteran technology and professional services executive Lisa Schreiber has joined the firm to serve as Chief Customer Officer. Schreiber joins Fusion's Executive Leadership Team and will lead all aspects of the company's world-class customer success, professional services, and support organizations. "Delivering the best service to our customers has always been core to our mission at Fusion, and we are thrilled to
MultiPlan Corporation ("MultiPlan" or the "Company") (NYSE:MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the U.S. healthcare industry, announced today its CFO transition plan and named Doug Garis as EVP and CFO, effective August 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731993142/en/Doug Garis named EVP and CFO of MultiPlan (Photo: Business Wire) Jim Head, who has served as EVP and CFO of MultiPlan since November 2021, will transition to a Strategic Advisor role to the Company through the end of the
Mathew Brings 30 Years of Expertise in Software Product Development and Strategy Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced Binu Mathew as the company's Chief Technology Officer (CTO). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240606127524/en/Binu Mathew joins Tekion as Chief Technology Officer, bringing 30 years of experience in software product development and strategy. (Graphic: Business Wire) "We have a tremendous opportunity to meet the automotive industry's demand for reliable generative AI. Tekion is leading the way in fulfilling this need,"
New release delivers 12 JDK Enhancement Proposals to improve the Java language and enhance the development platform's performance, stability, and security JavaOne returns to the San Francisco Bay Area in 2025 AUSTIN, Texas, March 19, 2024 /PRNewswire/ -- Oracle today announced the availability of Java 22, the latest version of the world's number one programming language and development platform. Java 22 (Oracle JDK 22) delivers thousands of performance, stability, and security improvements to help developers increase productivity, drive innovation, and accelerate growth across their organizations. These include enhancements to the Java language, its APIs and performance, and the tools includ
CHICAGO, April 05, 2023 (GLOBE NEWSWIRE) -- Leading supply chain visibility company FourKites today announced the appointment of Rocky Subramanian as President, effective immediately. Widely respected as a trusted advisor to leaders executing complex digital transformation at organizations of all sizes, Subramanian will work alongside CEO Mathew Elenjickal to drive the company's strategy, growth and customer success globally. "As our new President, Rocky will be key to taking FourKites to the next level," said Elenjickal. "He has a proven track record in delivering big wins for customers, building world-class teams, championing workplace diversity and culture, scaling processes and growin
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Earnings Results to be released on December 9, 2024, After the Close of the Market AUSTIN, Texas, Dec. 2, 2024 /PRNewswire/ -- Oracle Corporation today announced that its second quarter fiscal year 2025 results will be released on Monday, December 9th, after the close of the market. Oracle will host a conference call and live webcast at 4:00 p.m. Central Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor. About Oracle Oracle offers integrated suites of applications plus secure, autonom
Q1 GAAP Earnings per Share up 20% to $1.03, Non-GAAP Earnings per Share up 17% to $1.39Q1 Total Revenue $13.3 billion, up 7% in USD and up 8% in constant currencyQ1 Total Remaining Performance Obligations up 53% to $99 billionQ1 Cloud Revenue (IaaS plus SaaS) $5.6 billion, up 21% in USD and up 22% in constant currencyQ1 Cloud Infrastructure (IaaS) Revenue $2.2 billion, up 45% in USD and up 46% in constant currencyQ1 Cloud Application (SaaS) Revenue $3.5 billion, up 10% in both USD and constant currencyQ1 Fusion Cloud ERP (SaaS) Revenue $0.9 billion, up 16% in USD and up 17% in constant currencyQ1 NetSuite Cloud ERP (SaaS) Revenue $0.9 billion, up 20% in both USD and constant currencyAUSTIN,
Earnings Results to be released on September 9, 2024, After the Close of the Market AUSTIN, Texas, Sept. 3, 2024 /PRNewswire/ -- Oracle Corporation today announced that its first quarter fiscal year 2025 results will be released on Monday, September 9th, after the close of the market. Oracle will host a conference call and live webcast at 4:00 p.m. Central Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor. About Oracle Oracle offers integrated suites of applications plus secure, auton
Q4 Total Remaining Performance Obligations up 44% to $98 billionQ4 GAAP Earnings per Share $1.11, Non-GAAP Earnings per Share $1.63Q4 Total Revenue $14.3 billion, up 3% in USD, up 4% in constant currency Q4 Cloud Revenue (IaaS plus SaaS) $5.3 billion, up 20% in USD and constant currencyQ4 Cloud Infrastructure (IaaS) Revenue $2.0 billion, up 42% in USD and constant currency Q4 Cloud Application (SaaS) Revenue $3.3 billion, up 10% in USD and constant currencyQ4 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 14% in USD and constant currencyQ4 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 19% in USD and constant currencyFY 2024 Total Revenue $53.0 billion, up 6% in USD and constant curren
Earnings Results to be released on June 11, 2024, After the Close of the Market AUSTIN, Texas, June 4, 2024 /PRNewswire/ -- Oracle Corporation today announced that its fourth quarter and fiscal year 2024 results will be released on Tuesday, June 11th, after the close of the market. Oracle will host a conference call and live webcast at 4:00 p.m. Central Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor. About Oracle Oracle offers integrated suites of applications plus secure, autonomo
Q3 GAAP Earnings per Share $0.85, Non-GAAP Earnings per Share up 16% to $1.41Q3 Total Revenue $13.3 billion, up 7% in both USD and constant currencyQ3 Total Remaining Performance Obligations up 29% to $80 billion Q3 Cloud Revenue (IaaS plus SaaS) $5.1 billion, up 25% in USD, up 24% in constant currencyQ3 Cloud Infrastructure (IaaS) Revenue $1.8 billion, up 49% in both USD and constant currency Q3 Cloud Application (SaaS) Revenue $3.3 billion, up 14% in both USD and constant currencyQ3 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 18% in both USD and constant currencyQ3 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currencyAUSTIN, Texas, March 11, 2024 /
Earnings Results to be released on March 11, 2024, After the Close of the Market AUSTIN, Texas, March 4, 2024 /PRNewswire/ -- Oracle Corporation today announced that its third quarter fiscal year 2024 results will be released on Monday, March 11th, after the close of the market. Oracle will host a conference call and live webcast at 4:00 p.m. Central Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor. About Oracle Oracle offers integrated suites of applications plus secure, autonomou
Q2 GAAP Earnings per Share $0.89, Non-GAAP Earnings per Share $1.34Q2 Total Revenue $12.9 billion, up 5% in USD, up 4% in constant currencyQ2 Total Remaining Performance Obligations over $65 billionQ2 Cloud Revenue (IaaS plus SaaS) $4.8 billion, up 25% in USD, up 24% in constant currencyQ2 Cloud Infrastructure (IaaS) Revenue $1.6 billion, up 52% in USD, up 50% in constant currencyQ2 Cloud Application (SaaS) Revenue $3.2 billion, up 15% in USD, up 14% in constant currencyQ2 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 19% in constant currencyQ2 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currencyAUSTIN, Texas, Dec. 11, 2023 /PRNewswire/
Earnings Results to be released on December 11, 2023, After the Close of the Market AUSTIN, Texas, Dec. 4, 2023 /PRNewswire/ -- Oracle Corporation today announced that its second quarter fiscal year 2024 results will be released on Monday, December 11th, after the close of the market. Oracle will host a conference call and live webcast at 4:00 p.m. Central Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor. About Oracle Oracle offers integrated suites of applications plus secure, auton
Q1 GAAP Earnings per Share $0.86, Non-GAAP Earnings per Share $1.19Q1 Total Revenue $12.5 billion, up 9% in USD, up 8% in constant currencyQ1 Cloud Revenue (IaaS plus SaaS) $4.6 billion, up 30% in USD, up 29% in constant currencyQ1 Cloud Infrastructure (IaaS) Revenue $1.5 billion, up 66% in USD, up 64% in constant currencyQ1 Cloud Application (SaaS) Revenue $3.1 billion, up 17% in USD, up 17% in constant currencyQ1 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currencyQ1 NetSuite Cloud ERP (SaaS) Revenue $0.7 billion, up 21% in USD, up 21% in constant currencyAUSTIN, Texas, Sept. 11, 2023 /PRNewswire/ -- Oracle Corporation (NYSE:ORCL) today announced fiscal
Earnings Results to be released on December 9, 2024, After the Close of the Market AUSTIN, Texas, Dec. 2, 2024 /PRNewswire/ -- Oracle Corporation today announced that its second quarter fiscal year 2025 results will be released on Monday, December 9th, after the close of the market. Oracle will host a conference call and live webcast at 4:00 p.m. Central Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor. About Oracle Oracle offers integrated suites of applications plus secure, autonom
Select customers can begin using Oracle Exadata Database Service on Oracle Database@AWS to simplify the migration and deployment of enterprise workloads to the cloud AUSTIN, Texas, Dec. 2, 2024 /PRNewswire/ -- Oracle today announced the limited preview of Oracle Database@AWS. Customers will now be able to run Oracle Exadata Database Service on Oracle Cloud Infrastructure (OCI) in Amazon Web Services (AWS), starting with the AWS US East Region. Oracle Database@AWS provides customers with a fully integrated experience for deploying, managing, and using Oracle Exadata Database Service natively within AWS.
Multisource signaling across proprietary and public safety databases, including JADER, enables sophisticated data mining and GVP-compliant signal tracking globally AUSTIN, Texas, Dec. 2, 2024 /PRNewswire/ -- Oracle today announced new updates to Oracle Life Sciences Empirica Signal and Topics. The latest release of Oracle's market-leading signal detection and management solution extends out-of-the-box database choices for global safety monitoring and enhances the signal review process with versioned case-level annotation that enables users to drill into single-case assessments. Oracle continues to advance precision pharmacovigilance through cloud-based technologies, AI, and an expanding suit
Global organizations including The Craneware Group and Vodafone select Oracle Database@Azure to accelerate cloud journeys Oracle Database@Azure is available for the first time in South America and is now generally available in nine Microsoft Azure regions New services and capabilities will help customers meet data governance and compliance requirements AUSTIN, Texas, Nov. 19, 2024 /PRNewswire/ -- The Craneware Group, Vodafone, and organizations from almost every major industry in the world are selecting Oracle Database@Azure to accelerate their cloud migrations and support their most demanding and sensitive workloads. To meet rapidly growing global demand, Oracle Database@Azure is being ma
One of Canada's largest municipalities enhances customer service and speeds billing with Oracle Energy and Water and Red Clay Consulting AUSTIN, Texas, Nov. 19, 2024 /PRNewswire/ -- Peel Region, a municipality west of Toronto, has implemented Oracle Utilities Customer Care and Billing Cloud Service to enhance service for its water billing account holders. By upgrading its on-premises solution to the cloud, Peel Region now has a modern customer platform that empowers better experiences, more stable and consistent billing and collections, and a solid foundation for future enhancements to water billing services. After being successfully awarded the implementation contract from a competitive pro
PARIS, Nov. 5, 2024 /PRNewswire/ -- Oracle Communications Summit -- Oracle is building on its partnership with Vodafone Business IoT to bring global IoT connectivity to Oracle's Enterprise Communications Platform (ECP) industry applications customers. Built on the high performance and security of Oracle Cloud Infrastructure, ECP uses edge architecture to give businesses the out-of-the-box connectivity and near real-time data intelligence required to power essential new services. The platform, which uses Vodafone's Global SIM for cellular connectivity, underpins Oracle's extens
BOWIE, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Inovalon, a leading provider of cloud-based software solutions empowering data-driven healthcare, welcomed industry trailblazers and visionary executives to the stage at Empower 2024, sparking meaningful conversations with leaders from every corner of healthcare. The annual summit, focused on the intersection of healthcare and technology, welcomed attendees in Washington, D.C., to showcase innovative strategies aimed at improving clinical, financial, and operational performance. Kicking off the summit, Keith Dunleavy, M.D., CEO and Founder of Inovalon, brought attendees through a technological innovation journey to highlight AI, machine learni
AI-powered clinical intelligence prioritizes patient outreach based on likelihood of successful intervention to improve patient health and reduce costly emergency department visits and hospitalization AUSTIN, Texas, Oct. 31, 2024 /PRNewswire/ -- Oracle today announced significant enhancements to Oracle Health Data Intelligence. The updates take advantage of the high performance and military-grade security1 of Oracle Cloud Infrastructure (OCI) and the latest innovations in AI to help healthcare organizations enhance patient care, optimize financial performance, and improve decision-making across their networks.
Educational program will provide students with experience in cloud technology to help them build career-ready knowledge and skills AUSTIN, Texas, Oct. 30, 2024 /PRNewswire/ -- Oracle announced today that the University of Tennessee (UT) System will offer Oracle Academy computing education curriculum and resources across its five public campuses. This initiative aims to enhance technology education and equip nearly 59,000 students with career-ready skills in cloud computing, software development, and business applications. Through this partnership, the UT System will gain access to free cloud resources and curriculum including the Oracle Academy Cloud Program, Oracle APEX, and Oracle NetSuite
Life sciences, academic medical centers, health systems, and research institutes can gain insights into diseases and their impact on patients to optimize therapeutic launch strategies Pre-built and continuously updated analytics platform has unprecedented variety of real-world data sources, including CancerMPact and multiomics NASHVILLE, Tenn., Oct. 30, 2024 /PRNewswire/ -- Oracle Health Summit -- Oracle today launched Oracle Analytics Intelligence for Life Sciences. The AI-powered, cloud-scale, data and analytics platform streamlines and helps accelerate insight generation by unifying disparate data sets into a single, intelligent workbench. The new solution empowers users to answer multidi
RBC Capital Mkts initiated coverage of Oracle with a rating of Sector Perform and set a new price target of $165.00
Melius upgraded Oracle from Hold to Buy and set a new price target of $210.00
BMO Capital Markets reiterated coverage of Oracle with a rating of Market Perform and set a new price target of $173.00 from $160.00 previously
JMP Securities upgraded Oracle from Mkt Perform to Mkt Outperform and set a new price target of $175.00
BMO Capital Markets reiterated coverage of Oracle with a rating of Market Perform and set a new price target of $160.00 from $142.00 previously
Oppenheimer initiated coverage of Oracle with a rating of Perform
KeyBanc Capital Markets initiated coverage of Oracle with a rating of Overweight and set a new price target of $150.00
Argus upgraded Oracle from Hold to Buy
BMO Capital Markets reiterated coverage of Oracle with a rating of Market Perform and set a new price target of $142.00 from $126.00 previously
William Blair upgraded Oracle from Mkt Perform to Outperform
Investors with a lot of money to spend have taken a bearish stance on Oracle (NYSE:ORCL). And retail traders should know. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ORCL, it often means somebody knows something is about to happen. Today, Benzinga's options scanner spotted 8 options trades for Oracle. This isn't normal. The overall sentiment of these big-money traders is split between 25% bullish and 50%, bearish. Out of all of the options we uncovered, there was 1 put, for a total amount of $31,250, a
Chip stocks, led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) saw redemption in Thursday's premarket session after a broader market selloff Wednesday. The stock gave up the gain in the regular session. The Biden administration's advanced semiconductor crusade against China and Presidential candidate Donald Trump's remarks against Taiwan Semiconductor Manufacturing Co (NYSE:TSM) cost the semiconductor sector over $500 billion in stock market value on Wednesday, Reuters reports. Chip stocks got a boost from Taiwan Semiconductor's upbeat quarterly results Thursday, thanks to the AI frenzy. The contract chipmaker reported second-quarter revenue of $20.82 bi
Oracle (NYSE:ORCL) has outperformed the market over the past 10 years by 2.34% on an annualized basis producing an average annual return of 13.24%. Currently, Oracle has a market capitalization of $385.23 billion. Buying $100 In ORCL: If an investor had bought $100 of ORCL stock 10 years ago, it would be worth $345.75 today based on a price of $139.78 for ORCL at the time of writing. Oracle's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed b
Deep-pocketed investors have adopted a bullish approach towards Oracle (NYSE:ORCL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ORCL usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Oracle. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 46% leaning bullish and 46% bearish. Among these notable options, 6 are puts
Deep-pocketed investors have adopted a bearish approach towards Oracle (NYSE:ORCL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ORCL usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 36 extraordinary options activities for Oracle. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 41% leaning bullish and 47% bearish. Among these notable options, 18 are put
In the preceding three months, 20 analysts have released ratings for Oracle (NYSE:ORCL), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 5 9 0 0 Last 30D 0 1 0 0 0 1M Ago 6 4 8 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $148.65, a high estimate of $175.00, and a low estimate of $105.00. Surpassing the previous average price
Piper Sandler analyst Brent Bracelin maintains Oracle (NYSE:ORCL) with a Overweight and maintains $150 price target.
Oracle Corporation (NYSE:ORCL) shares are trading lower on Friday. On Thursday, the company unveiled Exadata Exascale, a cloud-based data architecture enhancing performance for Oracle Database workloads. The new service combines Exadata’s intelligent database architecture with cloud elasticity to provide high-performance capabilities for AI, analytics, and critical workloads, scalable to any size. Kothanda Umamageswaran, senior vice president of Exadata and Scale-Out Technologies, stated, “By reducing infrastructure costs by up to 95 percent, Exadata Exascale makes it possible for small workloads and small businesses to leverage the benefits of Oracle Exadata for Oracle Databases in