Oracle stock surges 5% as analysts see major upside ahead

Summary

Oracle stock surged 5% on Thursday, extending a 3% gain from the previous session as investors assessed a mixed set of analyst views ahead of the company’s fiscal first-quarter results. Oracle is scheduled to report its results on September 8. The stock has faced concerns over its heavy capital spending, debt levels and ability to finance long-term commitments tied to its artificial intelligence expansion. However, some analysts believe the company could be approaching a more favorable phase as cloud growth accelerates and funding requirements begin to ease.