Oracle (ORCL) Stock Jumps Nearly 20% After Amazon AWS Cloud Deal and AI Rally

TLDR

• Oracle stock rose more than 4% on Thursday after announcing an expanded multicloud deal with Amazon Web Services.
• The deal lets clients move workloads and data between Oracle and AWS without manual data copying.
• Oracle’s latest quarter showed cloud revenue of $8.9 billion, up 44% year-over-year.
• ORCL climbed nearly 20% over five days, caught up in a broader AI rally.
• Wall Street consensus is Strong Buy, with an average price target of $245.11 — about 33% above Friday’s trading price.

Oracle has been having a week. The software giant saw its stock climb more than 4% on Thursday after announcing a deepened partnership with Amazon Web Services, and the momentum carried into Friday as a broader AI rally swept through the market.

Oracle Corporation, ORCL

The new arrangement focuses on tighter connections between Oracle Cloud Infrastructure and AWS. Customers will be able to move workloads and data across both platforms without handling the usually complex data migration tasks themselves.

Oracle said the tools are designed to help companies modernize their AI systems. The new connectivity options are expected to roll out later this year.

The timing fits. Oracle pointed to growing demand for flexible, multi-cloud setups as businesses look to avoid locking into a single provider.

Cloud Revenue Adds Fuel

Oracle’s recent quarterly numbers gave investors more to work with. The company reported cloud revenue of $8.9 billion in its most recent quarter — a 44% jump from the same period a year ago, and ahead of what analysts had expected.

That kind of growth rate, combined with the AWS deal, helped push ORCL up nearly 20% over the past five trading days.

By Friday morning, the stock was trading around $183.09, up from Thursday’s close of $178.34. That’s a sharp turn from last Friday’s closing price of $138.13.

Year-to-date, ORCL is still down 4.99%, but the 12-month picture looks different — the stock is up 38.66% over that stretch.

What Analysts Think

Wall Street is largely on board. The consensus rating across 27 Buy ratings and six Hold ratings over the past three months is Strong Buy.

The average price target sits at $245.11, which would represent roughly 33% upside from Friday’s price.

The most optimistic call comes from Guggenheim’s John Difucci, a five-star analyst who set a $400 target back in March alongside a Buy rating. That implies more than 120% upside from current levels.

Not everyone is convinced. Brian White at Monness holds the lowest target on the street at $149, along with a Hold rating. White acknowledged Oracle’s strengths but flagged enough risk factors to stay neutral.

Friday’s trading was relatively quiet for ORCL. Around 628,000 shares changed hands during the session — well below the three-month average daily volume of 27.77 million.

Oracle’s stock was up 3.08% on Friday as of the most recent data.

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