USSTOCK.TODAY
Market Closed
Log in Sign up

Oracle shares plunge 7% amid credit rating downgrade and cash burn concerns

The Motley Fool +1 ·

ORCL Oracle Corp
$130.55 -8.83%
View chart & analysis →
  1. 1Mizuho analyst City Panigrahi reaffirmed an outperform rating, confirming a $320 price target for Oracle.
  2. 2Oracle's credit rating was recently downgraded to BBB-.
  3. 3Oracle's current cash holdings of $37.1 billion are unstable considering its annual cash burn of approximately $29 billion.

So what's the key point?

Oracle's credit rating has dropped and its cash is decreasing rapidly. While experts expect the stock to rise, the situation remains unstable.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Elon Musk reacts with 'Yikes' as CoreWeave bond yields surge Benzinga Private Markets +6 · 10h agoGreg Abel's Management Succession and Aggressive Investment at Berkshire Hathaway The Motley Fool +1 · 14h agoOracle proposes power service agreement for New Mexico data center and offers electricity rate support for customers Stocktwits +2 · 23h ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news