Citi Reiterates Buy on Oracle (ORCL), Sees Pullback as Buying Opportunity

Oracle Corporation (NYSE:ORCL) is one of the AI Stocks Every Investor Should WatchOn October 10, Citi reiterated the stock as “Buy” and raised its price target to $415 per share from $395. According to the firm, the recent pullback in shares revolves around concerns regarding backlog quality and profitability.

The selloff is a buying opportunity, the firm noted. The company’s customer base is expanding, which is in turn driving its cloud growth.

“After a historic Q1, ORCL shares have traded off 10%+ from recent highs on concerns around quality of backlog, profitability concerns following a slew of press reports and broader AI bubble/circularity concerns.”

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Its earnings per share growth is forecast above 30% annually between fiscal 2026 and 2030. This is backed by efficiency gains and rising GPU margins, likely to reach 35%40% by decade’s end.

Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider.

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