Oracle Shares Down 22.2% YTD as Analysts Split Between $185 and $160 Targets
Oracle shares have slumped 22.2% year-to-date, driving co-founder Larry Ellison’s personal net worth down 19% ($46.7B) to $201 billion. Analysts are divided, with Oppenheimer upgrading to Outperform with a $185 price target while Melius Research cuts to Hold at $160.
1. Net Worth Impact from Share Decline
Oracle shares have fallen 22.2% year-to-date, slashing Larry Ellison’s net worth by $46.7 billion (19%) to $201 billion and moving him to sixth-richest globally. The stock downturn represents the primary driver of his personal wealth contraction in early 2026.
2. Oppenheimer Upgrade to Outperform with $185 Target
On February 24, Oppenheimer raised Oracle’s rating from Perform to Outperform and set a $185 price objective, citing depressed valuation multiples and broad immunity from AI disruption as catalysts for upside potential over the next year.
3. Melius Research Downgrade to Hold with $160 Target
On February 9, Melius Research lowered Oracle to Hold with a $160 price target, warning that increased capital intensity and elevated debt levels could weigh on returns as the company expands its cloud infrastructure investments.