Oracle (ORCL) Stock Dropped 36%. Wall Street Still Sees It Doubling.
TLDR
- Oracle stock is down 25% this year and 36% over the past 12 months
- Earnings are scheduled for September 10
- Jefferies cut its price target to $290 from $320 but still sees the stock nearly doubling from $145.75
- Revenue grew 17% in fiscal 2026, with cloud revenue up 39%
- Total debt stands at $129.5 billion, a key concern for investors
Oracle (ORCL) stock trades at $145.75, down 25% year-to-date and 36% over the past 12 months. The stock is off roughly 57% from its 52-week high of $345.72.
The drop comes despite Oracle’s revenue growing 17% in fiscal 2026. Its cloud segment led the way with 39% growth, overtaking the software segment as the company’s largest revenue source.
Investors have been spooked by Oracle’s debt load and spending commitments. Total debt reached $129.5 billion as of May 31, up from $92.6 billion a year earlier. Capital expenditures over the last year hit $55.7 billion as Oracle builds out AI infrastructure.
The company also carries around $260 billion in off-balance-sheet data center commitments, roughly three times its projected full-year 2027 capex.
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