Oracle stock slides as Goldman upgrade meets Burry’s bearish bet
Oracle shares fell 1.17% to $202.29 Tuesday, with little change after hours. Goldman Sachs upgraded the stock to “Buy” with a $240 target, citing AI-driven cloud growth. The company will pay a 50-cent dividend Jan. 23. Traders are watching macroeconomic data and Oracle’s cloud backlog, which reached $523 billion last quarter.