Oracle Corporation (NYSE: ORCL) closed at 197.99 on Friday’s trading session, posting a gain of 0.25%. In 2025, Oracle Corp stock gained 15.33%, advancing 18.81% year to date (YTD). The analysts project a price target of 290.88 for the stock. Even so, Wall Street remained divided on Oracle, with Goldman Sachs cutting its price target to $220 from $320 while maintaining a Hold rating. In contrast, UBS and Citigroup reiterated Strong Buy ratings, despite trimming their targets to $325 and $370, respectively. Both projects 64.15% and 86.88% upside, respectively. Moreover, as the year is about to end, the increased capital expenditure is drawing the attention of investors.
In the past four quarters, Oracle’s stock price edged lower in the first and fourth quarters. The following table shows the price change in the past year.
| Date | Open | High | Low | Close | Adj. Close | Change | Volume |
|---|---|---|---|---|---|---|---|
| Q4 2025 | 278.8 | 322.54 | 177.07 | 197.99 | 197.99 | -29.60% | 1,576,539,225 |
| Q3 2025 | 219.3 | 345.72 | 216.31 | 281.24 | 280.75 | 28.64% | 1,260,109,449 |
| Q2 2025 | 139.76 | 228.22 | 118.86 | 218.63 | 217.79 | 56.38% | 756,530,483 |
| Q1 2025 | 168.52 | 191.99 | 136.76 | 139.81 | 138.77 | -16.10% | 717,712,874 |
Partnerships, Q2 Earnings Reports of Oracle, and Investor Concerns on Capex
The Oracle stock prices rose in the past week, following the news that TikTok is restructuring its U.S. operations through a new U.S.-controlled entity, with Oracle joining a consortium of investors to help the app comply with U.S. national security rules and avoid a potential ban. Oracle’s role includes both an ownership stake and serving as a trusted cloud and data-security partner for TikTok’s U.S. user data.
Moreover, in the latest 2026 Q2 financial report published on December 10, Oracle’s quarterly revenue rose 14% to $16.1 billion, driven by accelerating cloud demand and a sharp increase in future revenue visibility.
Total remaining performance obligations raised 438% year-over-year to $523 billion. The cloud revenue increased 34% to $8.0 billion, offsetting a 3% decline in software revenue to $5.9 billion. Profitability improved, with GAAP net income rising to $6.1 billion, and earnings per share rose to $2.10. The Oracle Corporation also reported an increased operating cash flow over the past 12 months. An increase of 10% to $22.3 billion.
Commenting on the financial report, Oracle Principal Financial Officer Doug Kehring stated. “ Remaining Performance Obligations (RPO) increased by $68 billion in Q2—up 15% sequentially to $523 billion—highlighted by new commitments from Meta, NVIDIA, and others,”
Oracle and NVIDIA announced a partnership integrating Oracle Cloud Infrastructure (OCI) and the NVIDIA AI Enterprise software earlier this year. The strategic partnership focuses on agentic AI applications.
Oracle also sold the company’s stake in Ampere, reinforcing its policy of chip neutrality. Commenting on the move, Oracle Chairman and CTO, Larry Ellison, said, “Oracle sold Ampere because we no longer think it is strategic for us to continue designing, manufacturing, and using our own chips in our cloud datacenters.” He further added, “We are now committed to a policy of chip neutrality where we work closely with all our CPU and GPU suppliers. Of course, we will continue to buy the latest GPUs from NVIDIA, but we need to be prepared and able to deploy whatever chips our customers want to buy. There are going to be a lot of changes in AI technology over the next few years, and we must remain agile in response to those changes.”
Oracle also signed a $300 Billion deal with OpenAI and forged a partnership with Meta this year. Another significant move was the announcement of Oracle and the U.S. Department of Energy (DOE) partnership to advance the DOE’s current and future artificial intelligence and advanced computing initiatives, including the Genesis Mission, on December 18.
As the year is about to end, investors are concerned about the rising capital expenditure of the company. On its fiscal Q2 2026 earnings call, Oracle executives said they now expect approximately $50 billion in capital expenditures for the year, up from about $35 billion previously guided during earlier remarks. The broader fear about an Artificial Intelligence(AI) bubble burst is gripping the stock market, and it’s spilling over to tech majors like Oracle.
