John Boozman, an American politician serving as the senior U.S. senator from Arkansas, invested in several stocks on April 16, 2025.
One of them was Oracle Corporation (NYSE: ORCL), a leading tech company from Austin and one of the most widely discussed industry names this week.
Namely, on September 9, Oracle revealed bold revenue projections centered on its fast-growing cloud business, generating a lot of optimism for the future, even as the latest quarterly results narrowly missed expectations.
More importantly, Boozman, known as one of the most active traders in Congress, is now up nearly 160% on the stock, its price having risen from $129.76 on the day he bought it to $333 in the after-hours at the time of writing on September 11.
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Oracle stock soars
On September 9, Oracle reported adjusted earnings of $1.47 per share, just shy of the $1.48 estimate, as well as revenue reaching $14.93 billion, again just below the forecasted $15.04 billion. However, revenue climbed 12% year-over-year, with net income steady at $2.93 billion.
Moreover, the company’s bullish forecast for its cloud infrastructure arm, which competes against the likes of Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Google (NASDAQ: GOOGL), sees it soaring 77% this fiscal year to $18 billion, up from $10 billion a year earlier.
More long-term cloud goals, though, included $32 billion in revenue by fiscal 2027 and $144 billion in the next decade. Accordingly, investor sentiment rose immediately, with shares going up more than 28% and Jefferies analyst Brent Thill boosting his Oracle price target from $270 to $360.
Broader Wall Street sentiment also leans positive. A total of 34 analyst ratings on TipRanks give an average “Moderate Buy” rating and 12-month target price of $263.93, about 9.3% above current levels.
CNBC’s Mad Money host Jim Cramer also weighed in on the situation, calling it ‘crazy’ and alluding to another potential meme stock frenzy, while Larry Ellison, Oracle co-founder briefly overtook Elon Musk as the world’s richest man amid the surge.
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