Oracle just won a Pentagon AI deal. Here’s what’s being said about the stock’s price at $622

Khey statistics for Oracle stock

• Current price: $195.95
• Target price (middle): ~$622
• Road destination: ~$242
• Possible total return: ~217%
• Annualized IRR: ~33% / year
• Result reaction: +9.18% (03/10/26)

Live Now: Discover How Much Upside Potential Your Favorite Stocks Could Have With TIKR’s New Valuation Model (Free) >>>

What happened?

oracle (ORCL) is up about 46% from its Feb. 5 low of $134.57, and on Wall Street the conversation has moved from whether Oracle is in trouble to debating whether the selloff was simply overblown. On May 1st the This was announced by the Ministry of Defense that Oracle has joined seven other frontline AI companies, includingAmazon Web Services, Microsoft, Google and OpenAI have formal agreements in place to deploy AI in the Pentagon’s secret networks covering its most sensitive Impact Level 6 and Impact Level 7 environments. Shares rose more than 3% on the news.

Bearfall hasn’t gone away. Oracle has net debt of around $123 billion.