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Oracle’s price target cut to $290 amid AI build-out concerns
Piper Sandler trimmed Oracle’s price target to $290 from $380, reflecting execution risk tied to AI infrastructure spending and revenue timing concerns.
Piper Sandler lowered its price target on Oracle (NYSE: ORCL) to $290 from $380, citing heightened execution risk around AI infrastructure build-out and timing of revenue conversion from capacity investments. The adjustment follows increased capital expenditure forecasts for AI data center growth and mixed earnings reactions that pressured Oracle shares.