Oracle (ORCL) Stock: Why Bernstein Says the OpenAI IPO Could Be a Key Catalyst

TLDR Oracle closed Tuesday at $117.98, down 1.51%, then showed $123.60 in premarket trading. Bernstein reiterated Outperform with a $325 target, more than 2.7 times the close. The firm named the OpenAI IPO and a free cash flow turn by fiscal 2028 as catalysts. Reports of a lost Tencent deal and a Microsoft pullback add pressure. The stock sits below its 50-day and 200-day averages and well off its $250.25 high. Oracle (ORCL) stock closed Tuesday at $117.98, down 1.51%. Premarket trading on Wednesday showed $123.60, a jump of 4.76%. Oracle Corporation, ORCL Bernstein reiterated its Outperform rating and $325 price target. That target sits about 175% above Tuesday’s close. The stock is far from its 52-week high of $250.25.

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