Bullish
Oracle's stock rises 2.8% to $148.87 as Citi sets $330 target, citing strong AI demand.
Oracle's stock experienced a 2.8% increase, closing at $148.87, following Citi's initiation of a positive 90-day catalyst watch and a $330 price target. Citi highlighted Oracle's substantial $638 billion backlog and robust demand for AI infrastructure as key drivers. However, concerns persist regarding the company's negative free cash flow and significant capital expenditures.
Key points
- Citi initiates positive catalyst watch with $330 price target, citing strong AI demand.
- Oracle's $638 billion backlog indicates substantial future revenue, but conversion to cash remains a challenge.
- Negative free cash flow of $23.7 billion and high capital expenditures raise financial concerns.
Sources
- Oracle Shares Rise 2.8%, Market Value Grows by $12 Billion as Citi Highlights Key Catalysts Over Next 90 DaysGate US · August 26, 2026
- Oracle Jumps 2% as Citi Sees 122% UpsideGuruFocus · August 26, 2026
- Oracle Falls 25% in Three Months; Citigroup Sets $330 Target PriceGate US · August 26, 2026
- Oracle Shares Rise 2.8%, Market Value Grows by $12 Billion as Citi Highlights Key Catalysts Over Next 90 DaysGate US · August 26, 2026
AI-generated from public news sources. Not financial advice.
