Oracle Stock Jumps 11% on Rosy Long-Term Targets
Oracle Stock Jumps 11% on Rosy Long-Term Targets
Kara GreenbergWed, October 28, 2026 at 9:04 PM UTC
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Even with Wednesday’s gains, Oracle shares have lost 25% of their value this year.Credit: Michael Nagle / Bloomberg / Getty ImagesKey Takeaways -
Oracle shares rose 11% after the company projected a return to positive free cash flow.
The company expects at least $30 billion in free cash flow by fiscal 2029.
Oracle reaffirmed it plans to reach revenue of at least $225 billion in fiscal 2030.
Oracle shares got a big boost after the tech giant gave an update on its long-term forecasts.
Shares of Oracle (ORCL) jumped 11% Wednesday, after the company said at an investor day event that it plans to return to a positive free cash flow during the second half of the next fiscal year, easing worries around its AI spending.
Capital expenditures are expected to peak between this year and next, before falling the following year to support a positive free cash flow of at least $30 billion in fiscal 2029, the company told investors.
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Oracle said it still plans to reach revenue of $225 billion or more in fiscal 2030, and reiterated its revenue outlook for this fiscal year at $90 billion.
Even with Wednesday’s gains, Oracle shares have lost 25% of their value this year and nearly 50% over the past 12 months amid worries about its investments in building out AI infrastructure and exposure to a few large AI companies.
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Source: “AOL Money”
