Why Oracle Stock Is Jumping Today
Shares of Oracle (NYSE: ORCL) jumped 4.2% as of 3:50 p.m. ET Tuesday. The jump comes as the S 500 and the Nasdaq Composite both had positive days.
The tech company announced a new contract with the state of Texas that will help Texas public safety officers leverage artificial intelligence (AI).
Texas agencies now have streamlined access to the Oracle Public Safety Suite via a new contract with the Texas Department of Information Resources (DIR). This partnership gives law enforcement, emergency services, schools, and other public entities streamlined access to AI-enhanced safety tools through what it says is a simplified, pre-negotiated process. The tools help integrate key functions of call-taking, dispatch, record tracking, and evidence management into a unified system. The tools also feature generative AI-assisted case reporting and record management to help reduce administrative workloads.
Source Fool.com
Oracle Corp. Stock
The stock is one of the favorites of our community with 74 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 207 € is below the current price of 214.85 € for Oracle Corp., so the potential is actually -3.65%.
