Oracle's AI Growth Outlook Improves as Financing Concerns Ease, Oppenheimer Says

01:07 PM EDT, 10/29/2026 (MT Newswires) -- Oracle (ORCL) should remain one of the fastest-growing large technology companies as its cloud and AI businesses gain momentum, while management commentary helped alleviate concerns about the financing needed to support its expansion, Oppenheimer said Thursday in a report. Oracle plans to raise $20 billion, split evenly between debt and equity, to fully fund capital spending and expects free cash flow to return to positive territory in fiscal H2 2028 before exceeding $30 billion in fiscal 2029, easing concerns about the company's financial position, the report said. Adoption of Oracle's AI agents is accelerating, with 3,500 Fusion AI agents, or 55% of the total, now in production, up 3.5 times from May and processing 500 billion tokens, while more than 7,000 customers use the technology, the report said. Oppenheimer reiterated its outperform rating on Oracle stock with its $275 price target. Price: 137.94, Change: -6.60, Percent Change: -4.57