Oracle (NYSE:ORCL) Price Target Lowered to $240.00 at TD Cowen

Prediction: Oracle Will End The Year at This Price

Oracle's cloud bookings are breaking records while the stock sits near a 52-week low, and Wall Street is pounding the table with an aggressive price target. Here is whether the numbers actually support the hype.

Why Is Oracle Stock Down Today?

Oracle spent $23.7 billion more cash than it brought in last fiscal year and borrowed $43 billion to cover the gap. That's a fine trade when money is cheap. It's a worse one with the 30-year Treasury yield near a 20-year high and long bonds selling off from Tokyo to London.

Oracle: The Balance Sheet Is The Issue (Earnings Preview) (NYSE:ORCL)

Oracle Corporation's recent AI infrastructure deals shifted capital risk to customers, but this may reduce revenue and profit per GW. Read why ORCL stock is a hold.

Oracle (NYSE:ORCL) Price Target Lowered to $240.00 at TD Cowen

TD Cowen cut their price target on shares of Oracle from $300.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday.

Oracle Slides 4.1% as Cowen Cuts Target Despite $638 Billion Backlog

This article first appeared on GuruFocus. Oracle (NYSE:ORCL), the enterprise-software and AI cloud giant, tumbled approximately 4.1% to $142.995 Tuesday after TD Cowen chopped its price target from $300 to $240. The firm kept its Buy rating, but the message was clear: Oracle's October analyst…

Why Oracle stock is down around 5% on Tuesday

Oracle (ORCL) shares fell around 5% on Tuesday, putting the stock on track for a third straight session of losses as rising bond yields and renewed inflation concerns pressured technology stocks. The broader market also declined on the first trading day of September. The S&P 500 fell 0.3%, while the Nasdaq Composite lost 0.5%. The Dow Jones Industrial Average dropped 221 points, or 0.4%. Global bond yields continued to rise, with the US 10-year …