Key Takeaways Oracle shares soared to a record high Thursday after the company projected “dramatically higher" revenue growth in its current fiscal year.Several analysts raised their price targets for Oracle stock,

Oracle (ORCL) stock has bested the naysayers on Thursday by reaching a new all-time high above $200 per share. The database software company was boosted after reporting its fiscal Q4 earnings late Wednesday.

ORCL shares reached record levels Thursday after Oracle's revenue growth beat Wall Street expectations—and showed no signs of slowing.