BUZZ - Market Views: Broker says concerns about Oracle's financing and AI growth have eased following Analyst Day

October 29 - ** Oracle Corporation (ORCL.N) said on Wednesday that as the company continues to expand its cloud computing capabilities, capital expenditures for this fiscal year and the next (link) are expected to peak. However, it pledged that additional funds raised for the artificial intelligence sector during the period ending in fiscal year 2030 will not exceed 20 billion US dollars.

** Premarket share price fell 0.4% to $143.96

The road ahead is becoming clearer

** Citigroup (maintains “Buy” rating, target price: $330) said that comments at Analyst Day boosted market confidence, and believes Oracle’s artificial intelligence strategy is strengthening both in terms of demand and financing.

** Barclays (rating “Overweight,” target price: $252) said that after the Analyst Day event, previous concerns over financing uncertainty have largely been resolved.

** “We believe ORCL shares will perform from current levels” — Barclays

** BofA Global Research (rating “Buy,” target price: $240) said the company’s Analyst Day further solidified a positive outlook for growth and financing.

** JPMorgan (rating “Overweight,” target price: $200) said that the prospect of moderate financing needs in the future has alleviated a major concern around Oracle stock.

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