Oracle Stock Jumps on Rosy Long-Term Sales View

KEY TAKEAWAYSOracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029.Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results.Oracle also raised its sales outlook for fiscal 2026 to at least$66 billion from a prior target of $65 billion, ahead of the$64.8 billion consensus estimate of ...