Oracle was one of the most shorted stocks by hedge funds in the first half of 2026, according to the Data Insights Crowding Report, with only Charter Communications and Super Micro Computer more heavily shorted. The stock has dropped about 53% from its all-time closing high of $324 on Sept. 10, 2025, to roughly $153 per share, driven by concerns over massive capital spending, negative cash flow of $23.7 billion in fiscal 2026, and debt of $167 billion with a 388% debt-to-equity ratio. Oracle reported $21 billion in capital expenditures last year and $55 billion in fiscal 2026, and plans to raise another $40 billion through debt and equity financing in fiscal 2027. Despite the sell-off, 82% of analysts rate the stock a buy with a median price target of $241, implying a 57% return over the next 12 months, and the stock trades at a forward P/E of 18 and a PEG ratio of 0.85.
