Analysts Slash Oracle’s (ORCL) Price Target After Backlog Linked Mostly to OpenAI

Oracle Corporation (NYSE:ORCL) is one of the AI Stocks Making Headlines on Wall Street. On November 25, DA Davidson lowered its price target on the stock to $200.00 from $300.00 while maintaining a “Neutral” rating. The firm raised concerns on an inflated OpenAI-related backlog and rising credit risks, citing them as key overhangs on shares. Analysts noted that their concerns rose as soon as they saw that Oracle’s backlog surge was almost entirely driven by OpenAI, despite Oracle initially implying multip ...