By Vardah Gill
Publication Date: 2025-12-16 19:40:00
Oracle Corporation (NYSE:ORCL) is one of the The 15 Best Blue Chip Stocks With Growing Dividends.
Oracle Corporation (NYSE:ORCL) pushed back on Dec. 12 against a report that claimed it will complete data center construction for OpenAI in 2028 rather than 2027. The report published by Bloomberg said the delay was linked to labor and material shortages and cited unnamed sources.
The market did not take the news lightly. Oracle shares fell more than 4% on Friday, December 12, following the report.
RBC Capital responded by reiterating its Sector Perform rating and $250 price target on Oracle Corporation (NYSE:ORCL). The company noted that the company had disputed Bloomberg’s claims in comments to Reuters and that RBC had confirmed this position directly with management. According to the analyst, Oracle said it remains committed to OpenAI and is confident it can meet both existing contractual requirements.
