Investors are buzzing as tech giant Oracle (NYSE:) saw its stock price soar 12% following an impressive earnings report that surpassed expectations. The company’s revenue for the first quarter of its 2025 fiscal year reached $13.3 billion, beating estimates and driving the stock to an all-time high.
One of the key drivers behind Oracle’s success is its Cloud Services division, which experienced a 21% revenue increase to $5.6 billion. This growth was fueled by investments in AI and data centers, with Oracle boasting 162 cloud data centers globally.
In addition, Oracle announced a strategic partnership with Amazon (NASDAQ:), allowing customers to access the Oracle database within Amazon Web Services. This move is part of Oracle’s multi-cloud strategy, which also includes partnerships with Microsoft (NASDAQ:) and Google (NASDAQ:).
Wall Street analysts have shown bullish sentiment towards Oracle, with several firms upgrading their price targets for the stock. Despite a 50% year-to-date increase and a reasonable forward P/E ratio of 22, Oracle is still seen as a solid investment with room for long-term growth.
While buying at the current high may not be advisable, keeping an eye out for a potential dip could present a good opportunity to invest in Oracle stock.