[New York Active Stocks] Oracle Jumps Nearly 10% on Investment Rating Upgrade

Oracle shares climbed by nearly 10%. Analysts say the stock was lifted by expectations that it will once again benefit from OpenAI’s recovery, along with an upgrade in the investment rating.

On the 9th (local time), Oracle closed at 156.59 dollars, up 9.65% from the previous trading day. It was posting a modest further gain in after-hours trading.

DA Davidson upgraded its investment rating on Oracle from "Neutral" to "Buy" on the day. It maintained its target price at 180 dollars. In a report, DA Davidson analyst Gil Luria wrote, "In the past, we were very critical of both Oracle and OpenAI, but we now believe that, in particular, the risks related to the relationship between the two companies are being more appropriately reflected in the market."

He continued, "OpenAI already holds as much as 40 billion dollars in cash and could raise an additional 100 billion dollars by the end of the quarter," adding, "This will help cover the cost of the data centers that Oracle is building for OpenAI."

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