Oracle (ORCL) Stock Fell 50%. Citi Says That Was the Buying Opportunity
TLDR
- Oracle stock rose around 3.5% to 4.5% Wednesday after Citi analyst Tyler Radke opened a positive catalyst watch on the stock.
- Citi kept its Buy rating and $330 price target, calling the selloff “four to five standard deviations” from Oracle’s historical volatility.
- The stock had fallen over 50% from its June peak to July trough on concerns over heavy AI spending and rising debt.
- Citi raised its fiscal 2028-2030 revenue and earnings estimates, pointing to AI demand and improving credit signals.
- Oracle’s $85 billion backlog and a scheduled investor day in late October add to the near-term catalyst picture.
Oracle stock climbed as much as 4.5% Wednesday morning after Citi analyst Tyler Radke put a positive catalyst watch on the stock, calling the recent selloff one of the most extreme in the company’s history.
Radke kept his Buy rating and $330 price target. Oracle was trading around $147 at the time of writing, well below that target.
The stock had lost more than 50% from its June peak to its July trough. Radke described the move as “four to five standard deviations” against Oracle’s typical volatility, compressed into just 30 to 40 trading days.
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