Oracle stock slips as Jefferies sticks with $400 target; jobs report and dividend date loom
Oracle shares slipped 0.2% to $193.40 Wednesday afternoon as investors weighed a Jefferies Buy rating and $400 target. Trading volume reached 6 million shares. The company’s AI cloud contracts backlog hit $523 billion last quarter, driven by new deals with Meta and Nvidia. Oracle set a Jan. 9 dividend record date for a 50-cent payout on Jan. 23.