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

By Michelle DG at 2026-11-11 05:54

Sentiment: Negative

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 [...] The post Oracle (ORCL) Stock: Why Bernstein Says the OpenAI IPO Could Be a Key Catalyst appeared first on CoinCentral. Continue reading...

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