Oracle Corporation’s (ORCL) stock reached an all-time high after its fiscal fourth-quarter results surpassed analysts’ expectations. The shares surged over 13%, closing at $199.86, marking a record high and bringing year-to-date gains to approximately 20%. CEO Safra Catz expressed optimism about the upcoming fiscal year, predicting even stronger revenue growth. Analysts have become more bullish on Oracle, with the average price target rising to around $200. Additionally, Oracle co-founder Larry Ellison reclaimed the title of the world’s second-richest person, according to Forbes. — new from Investopedia
