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Oracle Stock Soars 4% on Strong Cloud Growth News

6/30/2025

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Summary

Story summary

Oracle's stock surged 4% to $218.63 following CEO Safra Catz's announcement of robust cloud services growth.
The company anticipates a $30 billion agreement by 2028 and over 100% growth in MultiCloud database revenue.
Stifel analyst upgraded Oracle to a buy, increasing the price target to $250 due to sustainable cloud growth.
Oracle's cloud infrastructure is gaining traction against Amazon and Microsoft, leading to a 60% stock increase last year.

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Story summary

Oracle's stock surged 4% to $218.63 following CEO Safra Catz's announcement of robust cloud services growth.
The company anticipates a $30 billion agreement by 2028 and over 100% growth in MultiCloud database revenue.
Stifel analyst upgraded Oracle to a buy, increasing the price target to $250 due to sustainable cloud growth.
Oracle's cloud infrastructure is gaining traction against Amazon and Microsoft, leading to a 60% stock increase last year.