WS Investor
01 Sep 2026, 14:24
Oracle Stock Falls 3.7% After TD Cowen Cuts Price Target to $240
Oracle (NYSE: ORCL) shares fell about 3.7% Tuesday after TD Cowen lowered its price target on the enterprise software and cloud computing company.
TD Cowen analyst Derrick Wood reduced his Oracle price target to $240 from $300 while maintaining a Buy rating. The revised target still represents substantial upside from the current stock price of $143.64.
Oracle has become increasingly tied to the AI infrastructure investment cycle through Oracle Cloud Infrastructure, where demand for computing capacity has been supported by generative AI workloads and large-scale data center projects. The company competes with major cloud providers including Amazon, Microsoft and Google while partnering with AI companies to expand its infrastructure business.
The large reduction in TD Cowen’s target may have contributed to Tuesday’s selling pressure, although the continued Buy rating indicates the analyst remains constructive on Oracle’s longer-term prospects.
Oracle’s decline also comes amid broader weakness in technology stocks, with the Nasdaq down around 1% as elevated U.S. Treasury yields pressure growth-stock valuations. The combination of a lower analyst target and a difficult market backdrop appears to be weighing on ORCL shares.
Oracle (NYSE: ORCL) shares fell about 3.7% Tuesday after TD Cowen lowered its price target on the enterprise software and cloud computing company.
TD Cowen analyst Derrick Wood reduced his Oracle price target to $240 from $300 while maintaining a Buy rating. The revised target still represents substantial upside from the current stock price of $143.64.
Oracle has become increasingly tied to the AI infrastructure investment cycle through Oracle Cloud Infrastructure, where demand for computing capacity has been supported by generative AI workloads and large-scale data center projects. The company competes with major cloud providers including Amazon, Microsoft and Google while partnering with AI companies to expand its infrastructure business.
The large reduction in TD Cowen’s target may have contributed to Tuesday’s selling pressure, although the continued Buy rating indicates the analyst remains constructive on Oracle’s longer-term prospects.
Oracle’s decline also comes amid broader weakness in technology stocks, with the Nasdaq down around 1% as elevated U.S. Treasury yields pressure growth-stock valuations. The combination of a lower analyst target and a difficult market backdrop appears to be weighing on ORCL shares.
