Oracle shares fell approximately 4.5% at the market open on April 23, 2026. Morgan Stanley lowered its price target for the company from $213 to $207 while maintaining an Equal Weight rating.
Analysts cited uncertainty regarding costs, financing, and margins for Oracle’s expanding GPU-as-a-Service business. Institutional investors, including HB Wealth Management LLC, recently reduced their holdings in the company.
These developments overshadowed a new partnership with DENSO. Progress on securing financing for data center projects also failed to offset the downward pressure.