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Update: Wedbush Cuts Oracle Price Target to $240 From $275 Citing Debt Raise Plans, Keeps Outperform Rating

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(Updated to include Wedbush commentary)

Wedbush cut its price target on Oracle (ORCL) to $240 from $275, citing the firm's announcement of a $40-billion debt raise in fiscal 2027.

The huge debt and equity financing by the cloud computing firm to support the AI/cloud opportunity ahead "is not a move the Street wants to see and continues to create this "tug of war" on the name between RPO and the necessary capital raises/AI datacenter buildout in the near-term," analysts led by Dan Ives wrote in a Thursday note.

Oracle has an average rating of overweight and mean price target of $256.30, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $178.42, Change: $-22.85, Percent Change: -11.35%

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