Bernstein lowered the firm’s price target on Oracle (ORCL) to $313 from $339 and keeps an Outperform rating on the shares. The firm says one of the major overhangs on Oracle has been uncertainty surrounding how the company would fund the AI datacenter build-out to meet the contracts signed last year. Last Monday, Oracle announced a $45B-$50B debt and equity program. Bernstein estimates it’ll meet funding requirements through FY28.
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