Oracle Corp (NYSE:ORCL) stock slid on Friday as investors grew more cautious about the company's debt-funded AI infrastructure spending.
Pre-earnings profit-taking and a broader tech selloff, which weighed on the Nasdaq and S&P 500, also added pressure.
BNP Paribas analyst Stefan Slowinski remains bullish on Oracle, keeping an Outperform rating and a $283 price forecast, while expecting the company's fiscal 2027 capital spending outlook to take center stage when it reports fiscal fourth-quarter results.
Slowinski Expects Oracle To Reaffirm Growth Targets Slowinski said Oracle continues to make progress on its cloud infrastructure strategy, with financing concerns partly addressed through bring-your-own-cloud arrangements, customer prepayments, and OpenAI's $122 billion fundraising to support compute needs.
The analyst expects Oracle to deliver a broadly in-line fiscal fourth quarter, including OCI growth near the 92% consensus estimate.
