Oracle(US:ORCL) Youtube·2025-11-28 15:58Core Viewpoint - Oracle is experiencing a significant pullback in its stock price, losing over 41% of its gains since reaching all-time highs in early September, primarily due to concerns surrounding its upcoming $38 billion debt offering to fund the Stargate project with OpenAI [1][11]. Debt Offering and Financial Strategy - Oracle is planning a $38 billion debt offering to finance the next phase of its Stargate project with OpenAI, which has raised investor concerns about the company's increasing debt levels [1][3]. - This upcoming offering follows an $18 billion debt financing secured in late September to support its data center expansion plans, including the Stargate campuses [5][4]. - Analysts estimate that Oracle may need to secure up to $100 billion in debt funding over the next four years to fulfill its contract with OpenAI [6]. Market Sentiment and Analyst Opinions - Despite the pullback, Deutsche Bank views the current selloff as an attractive entry point for investors, suggesting that Oracle's business with OpenAI has not been fully appreciated by the market [7][8]. - The average price target for Oracle is currently $342, indicating a potential upside of over 40% from its current trading levels [10]. - There is a wide range of price targets among analysts, with the highest at $430 and the lowest at $175, reflecting differing opinions on Oracle's future performance [11]. Stock Performance and Technical Analysis - Oracle's stock has seen a decline of more than 28% in the last month, and it is currently trading below its 200-day moving average, indicating bearish sentiment [3][11]. - Some analysts believe that Oracle is oversold and may see a rebound, with potential for a 50% retracement back to the $275 level [15].