Oracle rises as Stifel upgrades to 'buy'

Shares of Oracle ORCL.N up 2% at $210.24 in premarket trading

Stifel upgrades stock to "buy" from "hold", citing strong momentum in its Cloud business and disciplined cost management

Increases PT to $250 from $180, implying an 18.91% upside to stock's last close

"We believe Oracle is well positioned to accelerate total Application Cloud growth to the low teens range in FY26" - brokerage

Earlier this month, company said its cloud computing division was working with Elon Musk's artificial intelligence firm xAI to offer the startup's latest AI model to business customers

ORCL rated "buy" on average; median PT is $220, according to data compiled by LSEG

YTD, ORCL up 26.16%