Oracle stock (ORCL) slips in midday trade as Oppenheimer turns bullish; March earnings loom
Oracle shares fell 0.6% to $147.05 midday Thursday after fluctuating between $145.15 and $152.38. Oppenheimer upgraded the stock to “Outperform” with a $185 target, citing a valuation reset and projected earnings growth. Oracle extended its Formula One partnership, highlighting AI and cloud technology. Investors await fiscal Q3 earnings, expected in mid-March, amid scrutiny of Oracle’s $45–$50 billion 2026 funding plan.