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Oracle Stock Surged Today -- Is It a Buy?

Oracle Stock Surged Today -- Is It a Buy?

Oracle (NYSE: ORCL) chairman and chief technology officer Larry Ellison believes the software giant can gain share in the booming cloud market. Judging by the 15% jump in Oracle's stock price today, investors seem to agree. Cowen analyst J. Derrick Wood reiterated his outperform rating on Oracle's shares following the tech titan's impressive fiscal 2022 second-quarter report. In turn, Wood sees its stock price rising roughly 12% to $115.