Angelica Ballesteros
2 min read
In This Article:
We recently published a list of LOOK: These 10 Stocks Just Stole The Show. In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against other best-performing stocks of Friday.
Oracle Corp. rallied for a second day on Friday to hit a new all-time high, as investors continued to gobble up shares following optimistic outlooks from investment companies.
During intraday trading, Oracle Corporation (NYSE:ORCL) touched its highest price of $216.59, before a slight pullback to end the day just up by 7.69 percent at $215.22.
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On Thursday, UBS raised its price target for Oracle Corporation (NYSE:ORCL) to $225 from $200 previously while maintaining a “buy” recommendation, on the back of the company’s 100-percent backlog growth to over $275 billion in fiscal year 2026, which it described as “extraordinary.”
For its part, Cantor Fitzgerald raised its price target for Oracle Corporation (NYSE:ORCL) to $216 from $175 previously, while maintaining an “overweight” rating on the stock following the latter’s 70-percent growth expectations in its Infrastructure as a Service (Iaas) in fiscal year 2026, exceeding the 60-percent growth as expected by analysts.
Meanwhile, DA Davidson gave the company the most conservative price target increase of $170, albeit higher than the $140 target previously. It also reaffirmed its “neutral” rating on the stock, citing accelerated growth in Oracle Cloud Infrastructure (OCI).
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
