New York, Jan 12, 2026, 10:16 a.m. EST — Regular session
Oracle shares nudged 0.2% higher to $198.96 in early trading Monday following Goldman Sachs’ initiation of coverage with a Buy rating and a $240 price target. So far, the stock has swung between $194.91 and $199.83 during the session. 1
The call hits a stock still battling to recover from a steep selloff, driven by concerns over debt and financing linked to Oracle’s AI data-center expansion. Since September 2025, Oracle has dropped over 40%, according to MarketWatch, which cited Deutsche Bank. 2
Goldman analyst Gabriela Borges highlighted Oracle’s tech advantage in AI computing and forecasted its slice of new cloud revenue jumping from under 10% to roughly 25% over the next three years, Investing.com reported. She cautioned that gross margins might fall short of consensus in the near term but expects them to bounce back as capacity expands. 3
Oracle highlighted its backlog to prove demand is solid. The company reported $523 billion in remaining performance obligations—signed contracts not yet recognized as revenue—at the close of its fiscal second quarter, a 438% jump. 4
On Sunday, Oracle introduced Oracle Retail Supply Chain Collaboration at NRF 2026 in New York, rolling out a cloud platform designed to help retailers and suppliers exchange data, oversee compliance, and receive warnings about possible disruptions. Paul Woodward, vice president for Oracle Retail Products, described the challenge retailers face as “a constant battle” to balance supply chains while safeguarding margins. 5
Oracle’s latest product push underscores its effort to expand industry-specific solutions as it battles for cloud infrastructure spending against giants like Amazon’s AWS, Microsoft’s Azure, and Google Cloud. The company is banking on specialized tools and AI-driven workloads to prevent customers from making decisions based solely on cost.
The spending bill still hangs over the narrative. Following Oracle’s recent quarterly report, executives revealed that fiscal 2026 capital expenditures would run roughly $15 billion higher than the $35 billion they mentioned back in September. Visible Alpha’s Melissa Otto flagged that the debt issue continues to “cause uncertainty among investors,” Reuters reported. 6
Investors are tuning in to Oracle’s pitch to retailers at NRF’s show running through Jan. 13, looking for clues on whether the company can convert demos into actual bookings. For ORCL, any buzz about new orders—or another financing announcement—could shake the stock fast. 7
