Citi says to buy the dip in Oracle, sees stock soaring nearly 40% from here

Citi is buying the dip here on Oracle stock. Analyst Tyler Radke raised his target price on the stock to $415 per share from $395. This new forecast implies an upside of nearly 40% ahead. He also reiterated his buy rating on the software giant. Oracle shares have seen some turbulence of late, losing nearly 10% in the past month amid concerns over the stability of the artificial intelligence trade. Still, Radke believes that growing demand for artificial intelligence infrastructure within Oracle's cloud business could continue to drive the stock higher. ORCL 1M mountain ORCL 1-mo chart "After a historic Q1, ORCL shares have traded off 10%+ from recent highs on concerns around quality of backlog, profitability concerns following a slew of press reports and broader AI bubble/circularity conce