Oracle Corp (NYSE:ORCL, XETRA:ORC) shares jumped nearly 10% in Wednesday trading following a fiscal third-quarter report that highlighted accelerating cloud growth and expanding AI infrastructure adoption. The company reported total revenue of $17.2 billion, up 22% year-over-year, exceeding analysts' expectations of $16.96 billion.
Can Oracle's strong results breathe more confidence back into the AI trade?
Oracle Corporation (NYSE:ORCL) stock is up over 10% in premarket trading on Wednesday after the company delivered a fiscal Q3 2026 earnings report that put to rest several lingering investor concerns, prompting Barclays to raise its price target, JPMorgan to upgrade the stock, and Piper Sandler to reaffirm its bullish stance.
Oracle Corp ( NYSE:ORCL) stock is 12.5% higher to trade at $168.09 at last check, after the software giant reported fiscal third-quarter earnings of $1.79 on revenue $17.19 billion, both of which easily beat expectations.
While most analysts and investors were focused on Oracle's (NYSE: ORCL) impressive earnings report and its subsequent extended session rally, the legendary short trader Michael Burry reflected on how Nvidia (NASDAQ: NVDA) might have recently engaged in foul play regarding the cloud company.
Oracle (NYSE:ORCL) reported its fiscal third-quarter 2026 results after the bell on Tuesday, March 10, and the market liked what it saw.
One Guggenheim analyst isn't blinking. Even as Oracle ( NYSE:ORCL ) stock sits down 23% year-to-date and roughly 54% off its September 2025 highs, the firm's analyst hasn't touched the $400 price target.
Stock futures are holding steady Wednesday ahead of the release of a key inflation report; the International Energy Agency is discussing plans to release a major amount of oil from its reserves to mitigate the impact of the Iran war on the global energy supply chain; consumer price index data for February is expected to show inflation held steady, though experts warn that the war and volatile oil prices could spark inflation in the months ahead; Oracle shares are surging after the cloud services firm reported strong earnings and lifted its outlook; and Boeing said some first-quarter deliveries could be delayed. Here's what you need to know today.
Oracle's (NASDAQ: ORCL) earnings showed that it was not overextended, that it's a huge bet on the future of data centers, and its AI revenue was not a long shot.
ORCL is trading up 8.7% following its FQ3 earnings surpassing expectations and robust guidance, thanks to a substantial surge in demand for its cloud infrastructure tailored for AI workloads. The crucial question is whether the company can transform its unprecedented backlog into steady, profitable growth.
Oracle's (NYSE: ORCL) third-quarter (Q3) earnings report, published on March 10, unleashed a deluge of positive rating and price target updates from some of Wall Street's biggest analyst firms.
Oracle (ORCL) delivered strong Q3 results, with adjusted EPS of $1.79 and revenue up 22% to $17.19B, both above estimates. Nintendo (NTDOY) soared 10.5% in Tokyo as Pokémon Pokopia sold out and anticipation builds for the Super Mario movie.