On August 26, Oracle rose 3.32% in regular trading, trading at approximately $150.80/share, with turnover of $241 million.
On the news front, Citi placed Oracle on a 90-day catalyst watch, maintaining a Buy rating with a $330 price target. The firm is reassessing the bull case for the stock, citing sustained AI momentum and upcoming cloud business profitability data as potential drivers for valuation recovery ahead of the late-October earnings report and investor day.
Oracle had been under sustained pressure from multiple headwinds, including the delay of a key natural gas pipeline supporting its Stargate-linked Project Jupiter data center, over $218.7 billion in total debt, and reports of a new round of layoffs with double-digit percentage cuts in some teams. JPMorgan recently lowered its price target from $210 to $200 while maintaining an Overweight rating. Citi's catalyst watch signals renewed institutional focus on whether Oracle's AI transformation can deliver tangible cloud revenue results in the upcoming quarter.
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