Oracle (NYSE:ORCL) stock has fallen 53% over the past year as the company borrows heavily to build out data center capacity for its large contract backlog. As of the end of fiscal Q1 2027 (ending Aug. 31, 2026), Oracle carried over $169 billion in debt against a $37 billion cash pile, while its remaining performance obligations reached $664 billion, up $209 billion year over year. Revenue rose 30% to $19.3 billion in the quarter, with cloud infrastructure revenue up 121% to $7.4 billion, and the company said the vast majority of contracts signed in the quarter used customer prepayments or bring-your-own-hardware models, easing balance-sheet strain. The article argues that if fiscal 2029 earnings reach $15.79 and the stock trades at 19 times earnings, the share price could reach $300, 129% above its current level.
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Original headline: Where Will Oracle Stock Be in 2029 ?
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