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

Core Viewpoint - Oracle Corporation is highlighted as a significant AI stock to monitor, with a recent price target increase from Citi indicating confidence in its growth potential despite recent share price pullbacks [1][2]. Group 1: Stock Performance and Analyst Insights - Citi has reiterated a "Buy" rating for Oracle, raising the price target to $415 per share from $395, suggesting that the recent selloff presents a buying opportunity [1]. - Oracle shares have declined over 10% from recent highs due to concerns about backlog quality and profitability, influenced by various press reports and broader AI market concerns [2]. - The company's earnings per share growth is projected to exceed 30% annually from fiscal 2026 to 2030, supported by efficiency improvements and increasing GPU margins, which are expected to reach 35%-40% by the end of the decade [2]. Group 2: Company Overview - Oracle Corporation operates as a database management and cloud service provider, positioning itself within the growing AI sector [3].