Oracle Is Getting 2 New CEOs. Here Is What Options Data Tells Us Could Be Coming Next for ORCL Stock.

A side profile of Safra Catz speaking at an Oracle event by drserg via Shutterstock

Oracle (ORCL) shares closed another more than 6% up on Sept. 22 after the artificial intelligence (AI) infrastructure firm named Clay Magouyrk and Mike Sicilia as its co-chief executives.

Magouyrk and Sicilia will replace current CEO Safra Catz, who will now transition to the role of executive vice chair of the board, the company’s press release confirmed on Monday.

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Including today’s gains, Oracle stock is up nearly 175% versus its year-to-date low in late April.www.barchart.com

Are Magouyrk and Sicilia Good Fits for Oracle Stock?

Magouyrk and Sicilia’s appointment bring complementary expertise to Oracle’s senior leadership roles.

Magouyrk, who joined Oracle in 2014 from AWS, brings crucial cloud infrastructure expertise as former president of Oracle Cloud Infrastructure (OCI), while Sicilia contributes deep knowledge in vertical applications and applied AI from his role as president of Oracle Industries.

The timing of this transition appears particularly strategic as ORCL continues to secure major deals and expand its presence in the AI and cloud computing sectors. Oracle recently signed a landmark $300 billion deal with OpenAI and is involved in securing TikTok’s U.S. operations as well.

Note that the co-CEO model is not exactly new to Oracle, having been previously implemented successfully when Catz shared the role with Mark Hurd until 2019.

Where Options Data Suggests ORCL Shares Are Headed

Options data from Barchart paints a bullish-leaning picture for ORCL stock as investor interest in its AI infrastructure capabilities continues to build.

For the December 19 expiration, the implied trading range spans from $265 to $383 – suggesting a wide band of volatility but with meaningful upside potential.

In the near term, the expected move through Sept. 26 is 4.35%, with a projected range between $310 and $338.

Given Oracle’s recent executive reshuffle and its expanding role in powering AI workloads though, the upper end of these ranges look increasingly plausible.

Meanwhile, momentum, institutional interest, and sector tailwinds all point toward continued strength in ORCL stock.

How Wall Street Recommends Playing ORCL Stock

Investors should also note that Wall Street analysts remain bullish as ever on Oracle shares as well.

Story Continues

The consensus rating on ORCL stock currently sits at “Strong Buy” with price targets going as high as $400 indicating potential upside of another 22% from here.www.barchart.com

This article was generated with the support of AI and reviewed by an editor. On the date of publication, the editor did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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