Oracle’s actions are kept at historical maximums after the rise of your cloud business

• Oracle reaches a new historical maximum above $ 202 on Thursday.
• The profits of the fourth fiscal quarter show that the company welcomes a strong growth in the cloud.
• The income of the Multicloud database of Amazon, Google and Azure grew by 115% intertrystral.
• Several Wall Street analysts raise the price objective at $ 220.

Oracle (ORCL) beat the detractors on Thursday when reaching a new historical maximum above $ 200 per share. The database software company benefited after informing its profits from the fourth fiscal quarter on Wednesday night. The market was generally surprised by the growth that Oracle is seeing in its cloud business, especially with regard to artificial intelligence workloads.

The market had an unequal start on Thursday, since multiple news agencies reported that US officials were worried that Israel was imminently planning Iran despite the fact that the US continued with the peace conversations with this last country. Besides, Boeing (BA) He saw his actions fall after a 787-8 Dreamliner crashed in India, and the initial unemployment applications in the US for last week exceeded consensus.

However, the data of the production price index (IPP) showed a lower inflation impression than many expected, which increased the possibility of an earlier rate cut by the Federal Reserve (FED). Inflation impression caused Treasury yields to fall and, in general, promoted actions.

In addition, US President Donald Trump worried investors after saying that he would send letters to countries to establish unilateral rates before the deadline of July 9. But the Nasdaq, the S&P 500 and the Dow Jones industrial average still closed between 0.2% and 0.4% on Thursday

News about Oracle

The results of the fourth fiscal trimester of Oracle were only a slight surplus. The adjusted EPS of $ 1.70 was 3% higher than the Wall Street consensus, while the revenues of $ 15.9 billion exceeded 2%, increasing 11% compared to the previous year.

But the emotion was under the hood. The Oracle cloud infrastructure segment reported income that increased 52% compared to the same period of the previous year, and its specific cloud segment saw 27% year -on -year income increased. The ERP segment in the Oracle cloud reported an interannual income growth.

Wall Street was impressed by Oracle’s great demand portfolio, with remaining performance obligations that increased 41% to 138 billion dollars.

“The income of the Multicloud database of Amazon, Google and Azure grew 115% of Q3 to Q4,” said the president and CTO of Oracle, Larry Ellison. “We currently have 23 Multicloud data centers in operation, with 47 more under construction during the next 12 months. We hope that the three -digit multicloud income growth will continue in the FY26.”

Bank of America Securities raised its price objective of $ 156 to 220 $, while Jefferies also raised its objective at $ 20 to 220.

Oracle actions forecast

Oracle’s shares exceeded the previous historical maximum of December 9, 198.31 $ to reach a new historical maximum of $ 202.49 on Thursday, before closing just below $ 200.

ORCL Shares Daily Chart

RCL’s impulse has been so accelerated that the single mobile average (SMA) is stagnant about $ 150. With the relative force index (RSI) showing an alarmingly high reading of 85, it would not be surprising if investors decided to take benefits. But with analysts pointing at $ 220, ORCL is unlikely to fall far beyond resistance to the end of 2024 in the $ 190.

After a brief consolidation, ORCL is expected to continue climbing as the market begins to assign a multiple of hyperscalador. Unless macroeconomic events are filled, Oracle’s actions have at least 10% more profits in the tank.