Oracle Stock Soars as CEO Safra Catz Announces $30 Billion Cloud Deal by 2028

Oracle’s stock surged after CEO Safra Catz announced major cloud service deals, including one projected to generate over $30 billion in annual revenue by 2028. With strong growth in MultiCloud databases and a recent Wall Street upgrade, Oracle is positioned for continued success in the booming cloud market.

Published by Ecem EFE

1 July 2025, 13:47 published Updated 1 July 2025, 13:47

Oracle Stock Breaks Resistance Level, Sets Sights on New All-Time Highs with Cloud Deals

Oracle Stock – Oracle, one of the world’s leading technology giants, made headlines with a sharp rise in its stock price. CEO Safra Catz revealed on Monday that the company has kicked off fiscal year 2026, ending in May, with a strong start. Notably, Oracle’s massive cloud services contracts are projected to generate over $30 billion in annual revenue by 2028. Following this announcement, Oracle shares surged 4%, closing at $218.63.

Oracle’s Cloud Services Growth Propels the Company Forward

Oracle’s recent financial reports and statements from CEO Safra Catz highlight an impressive growth trajectory. The company’s MultiCloud database revenue is growing at an astonishing rate of over 100%. Oracle continues to sign large-scale cloud deals, fueled by strong demand from AI startups and other sectors, significantly expanding its cloud business.

In 2025, Oracle’s shares have surged more than 31% year-to-date, with June alone bringing a 32% increase, pushing the stock to its highest levels since December 2024. This rally accelerated after the company reported better-than-expected fiscal Q4 earnings.

Wall Street Upgrades Oracle to “Buy”

Leading investment bank Stifel upgraded Oracle’s stock rating from “hold” to “buy”. Analyst Brad Reback raised his price target from $180 to $250. While acknowledging that Oracle’s growing capital expenditures (capex) for cloud infrastructure may pressure profit margins in the short term, Reback praised the company’s management for effectively handling these costs.

Reback stated, “Oracle’s sustainable cloud growth combined with disciplined operating expenses (opex) should help the company overcome revenue mix challenges and accelerate EPS growth in fiscal 2027 and beyond.”

Oracle’s Long-Term Transformation Paying Off

Founded nearly 50 years ago, Oracle underwent a challenging transition from traditional database services to cloud-based technologies. Today, Oracle’s rapidly growing cloud infrastructure business competes directly with giants like Amazon (AWS), Microsoft (Azure), and Google Cloud. This transformation drove a record 60% stock increase in 2024, marking Oracle’s best performance in over two decades.

Technical Analysis Signals Strong Momentum

Oracle shares broke through a critical resistance level at $198.31 on June 12, according to IBD MarketSurge data. The stock is currently trading above the buy zone by over 5%, reflecting growing investor confidence in Oracle’s future.

Oracle’s Cloud Ambitions Signal a New Era of Growth

Oracle’s recent cloud service agreements mark a pivotal moment for the company as it accelerates its transformation into a dominant player in the cloud computing industry. CEO Safra Catz’s announcement about a deal expected to generate over $30 billion annually by 2028 underscores Oracle’s strategic focus on large-scale enterprise contracts. This shift reflects the company’s commitment to competing directly with cloud giants like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.

The MultiCloud database segment, which has been growing at a rate exceeding 100%, demonstrates Oracle’s increasing relevance in an evolving market where businesses demand flexible and scalable cloud solutions. Oracle’s ability to secure contracts with emerging AI startups further highlights its agility in addressing cutting-edge technology demands.

Wall Street’s recent confidence boost, with Stifel analyst Brad Reback upgrading Oracle from hold to buy and raising the price target to $250, reflects optimism about Oracle’s capacity to manage rising capital expenditures without sacrificing profitability. While investments in cloud infrastructure may impact margins in the short term, Oracle’s disciplined operational approach is expected to fuel strong earnings growth by fiscal year 2027.

Overall, Oracle’s strong financial performance, strategic cloud deals, and positive market outlook position the company well to maintain momentum and challenge established cloud leaders in the years ahead.

Conclusion: Oracle Poised for Strong Cloud Growth

With CEO Safra Catz’s optimistic growth outlook, positive Wall Street ratings, and robust technical indicators, Oracle is set for a powerful upward trend in the technology and cloud services sector. The company’s ambitious 2028 targets and blockbuster deals position it among the top cloud revenue leaders, making Oracle a key player to watch.

Investors and market watchers eagerly follow Oracle’s ongoing success story as it reshapes the cloud computing landscape.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.