Cloud revenue surges 81% fueling 39.9% May rally, RBC sets $190 target before June earnings
ORCL•Oracle’s cloud infrastructure revenue surged 81% last quarter as shares jumped 39.9% in May, driven by accelerated AI partnerships. RBC Capital set a $190 price target versus recent trading levels, while investors brace for June 10 Q4 results forecasting $1.96 EPS on $19.09 billion revenue and a 15.6% post-report swing.
1. Cloud and AI Expansion
Oracle’s cloud infrastructure revenue climbed 81% last quarter as the company deepens partnerships in artificial intelligence, positioning itself against major cloud providers and fueling market enthusiasm.
2. Strong Stock Performance
Shares gained 39.9% in May and are up 18.5% year-to-date, reflecting investor confidence in Oracle’s transition to AI-driven services.
3. Analyst Price Target
RBC Capital introduced a $190 price target while shares trade near $236.34, signaling skepticism on current valuation despite recent momentum.
4. Q4 Earnings Outlook and Volatility
Investors await the June 10 fiscal fourth-quarter report, which is expected to deliver $1.96 EPS on $19.09 billion revenue and may spark a 15.6% post-earnings swing based on historical volatility.
