Citizens lowered the PT for Oracle Corporation (ORCL) from $342 to $285 – here’s why

Oracle Corporation (NYSE:ORCL) is one of the most promising future stocks to buy now. Citizens revised the price target on Oracle Corporation (NYSE:ORCL) from $342 to $285 on February 5 and reaffirmed the Outperform rating. The company told investors that the company’s shares remained under pressure despite $30 billion in debt financing and tighter credit default swap spreads.

This was driven by factors such as uncertainty over OpenAI’s delayed fundraising, technical sales related to the mandatory convertible note, concerns about limiting fundraising coverage to short-term funding needs, and headlines about possible data center reviews in Texas. Citizens added that these factors outweighed otherwise bullish signals from Oracle Corporation’s (NYSE:ORCL) positioning in AI infrastructure and capital raising.

BMO Capital also revised its price target for Oracle…