Cramer Flags Oracle Data-Center Overspend as Baird Starts Stock at Outperform
Baird's new Outperform call reinforces bullish views despite Cramer's warning about overspending, suggesting potential equity or bond financing.
Overview
- Jim Cramer said Oracle might be overspending on data centers, despite what he called a tremendous track record.
- Cramer argued the company could raise cash if needed by selling stock or issuing a large volume of corporate bonds.
- He highlighted Oracle’s sharp rally, citing a one-day 36% jump and a roughly 167% gain since April.
- Baird initiated coverage at Outperform with a $365 price target, calling Oracle a major AI beneficiary with durable growth drivers.
- The Cramer remarks came from a September 10 segment and were republished October 11 by Insider Monkey and Yahoo Finance.