Oracle Stock Soars 6.93% on Cloud Contracts, Upgrade

Oracle's stock surged 6.93% in pre-market trading on June 30, 2025, driven by a series of positive developments in the company's cloud services and financial performance.

Oracle's CEO highlighted the company's strong start to the 2026 fiscal year, noting that multiple large cloud service contracts have been signed. One of these contracts is expected to contribute over $300 billion in annual revenue starting from the 2028 fiscal year. This news underscores Oracle's growing dominance in the cloud services market and its ability to secure long-term, high-value contracts.

In addition to the CEO's optimistic outlook, Stifel upgraded Oracle's stock rating from "hold" to "buy" and raised its target price from $180 to $250. This move reflects the growing confidence in Oracle's cloud business and its potential for future growth. The upgrade is a significant endorsement from a major financial institution and is likely to attract more investors to Oracle's stock.

Oracle's cloud services are also being utilized by high-profile clients, such as the Red Bull Racing Formula 1 team. The team has adopted Oracle Fusion Cloud Applications Suite to enhance its financial, HR, and customer experience management. This partnership not only highlights Oracle's technological prowess but also its ability to cater to the needs of diverse industries, further solidifying its position as a leader in cloud services.