Oracle shares rise as Citigroup sets $330 price target

Oracle shares rose following a positive analysis from Citigroup, which placed the company on a 90-day positive catalyst watch. Citigroup analyst Tyler Radke maintained a ‘Buy’ rating and set a price target of $330 per share, suggesting significant upside potential after a period where the stock lost approximately 25% of its value over three months.

Citigroup noted that the recent selloff was driven by technical factors, including debt concerns, credit rating worries, and selling pressure from at-the-market equity issuances. However, the bank believes these pressures may be easing as credit-default-swap spreads show signs of recovery.

The bullish outlook is further supported by robust demand for artificial intelligence (AI) infrastructure. Citigroup highlighted that strong performance and margin trends among ‘neocloud’ providers—specialized AI cloud infrastructure companies—indicate a favorable environment for Oracle. Additionally, Oracle’s substantial increase in its contract backlog provides greater visibility into future revenue growth.