Shares of Oracle Corporation (ORCL) surged on Monday after DA Davidson upgraded the cloud and enterprise software giant to Buy from Neutral.
The stock is currently trading at $156.22, up $13.40 or 9.38%, on the NYSE. The stock opened at $148.49 after closing at $142.82 on Friday. The stock has traded between $118.86 and $345.72 over the past 52 weeks.
DA Davidson raised its price target on Oracle to $180 from $156.38, reflecting confidence in the company's expanding cloud infrastructure and AI-driven growth opportunities.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.