Oracle shares extend gains in after-market trade following results, last up 22% at $294.90

Oracle shares extend gains in after-market trade following results, last up 22% at $294.90

Oracle Corporation (NYSE: ORCL) shares extended their gains in after-market trading following the release of the company's first-quarter fiscal 2026 financial results. The stock closed up 22% at $294.90, demonstrating strong investor confidence in the company's performance.

The results showed adjusted earnings per share of $1.48 on revenue of $15.04 billion, aligning with the consensus estimate. Analysts had projected 13% year-over-year revenue growth and a 6% increase in profits . This positive performance was supported by the company's significant momentum in its emerging AI infrastructure business.

Morgan Stanley, one of the leading financial institutions, increased its price target on Oracle to $246 from $175, while retaining its Equal-weight stock rating. The analysts noted that Oracle's substantial momentum within its AI infrastructure business is evident, with the company reporting a 100%+ YoY RPO growth in the fourth quarter of 2025 . Additionally, Oracle has already locked in a considerable amount of revenue in backlog, with expectations of exiting fiscal 2026 with almost 90% of its $104 billion FY29 target already secured.

Barclays also increased its price target on Oracle to $281 from $221, maintaining its Overweight rating. The positive outlook from both Morgan Stanley and Barclays reflects the strong fundamentals and growth prospects of Oracle.

Investors are looking forward to the detailed breakdown of Oracle's earnings report, which will provide further insights into the company's financial health and future growth strategies.

References:
https://seekingalpha.com/news/4493057-oracle-climbs-ahead-of-q1-earnings-analysts-bump-up-price-targets
https://www.benzinga.com/markets/equities/25/09/47563371/designer-brands-oracle-and-3-stocks-to-watch-heading-into-tuesday