Stocks Climb to Record High as CPI Report Maintains Optimism for Rate Cuts; Oracle Shares Drop

September 11, 2025

Why Wall Street Analysts Believe Oracle Stock’s Strong Performance is Just Getting Started

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Oracle’s (ORCL) rapid growth and heightened demand for AI is prompting Wall Street analysts to raise their price targets for the stock.

Recently, the shares jumped 36% to a record high of approximately $328 after the computing powerhouse reported earnings, receiving praise from Deutsche Bank analysts who emphasized Oracle’s leading role in AI infrastructure. While the stock experienced a slight pullback the following day, it has still increased about 90% since the beginning of this year.

A Deutsche Bank analyst noted, “In nearly two decades of covering Oracle, very few quarterly results have produced such immediate revisions and clarity.” They highlighted Oracle’s impressive $455 billion backlog.

This substantial backlog is partly due to Oracle securing a multi-billion dollar deal in the first quarter. CEO Safra Catz indicated to investors that they are looking to finalize several more agreements in the near future.

Among these customers is the ChatGpt maker, which recently announced a five-year contract projected at an astonishing $300 billion for computing resources. Oracle chose not to comment, and OpenAI was unavailable for immediate feedback.

On Tuesday, Deutsche Bank praised the foundational strengths of Oracle’s infrastructure, suggesting that a range of products could provide competitive advantages in the AI landscape. They indicated a potential increase in the stock price target from $240 to $335, provided the stock maintains its recent momentum.

Other analysts have been even more optimistic, with Jeffries elevating its target from $270 to $360, while Bank of America set a target of $368, dubbing Oracle the “key AI enabler.” Citi raised its target to a new street high of $410.

Citi analysts acknowledged Oracle as a “unique Mega Cap AI winner,” highlighting “one of the most remarkable quarterly contract signings we’ve seen in software.” They are eager to see what new AI services the company will unveil at next month’s AI event, as shared by co-founder and CTO Larry Ellison.

Consumer Price Index Inflation Hits Highest Level Since January

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Inflation continued to strain household budgets in August as rising tariffs drove up consumer prices.

The Consumer Price Index recorded a 2.9% increase over the year ending in August, the Bureau of Labor Statistics reported on Thursday. This marks an increase from 2.7% in July, reaching its highest rate since January.

Core inflation, which excludes the volatile food and energy sectors, rose by 3.1%, matching July’s annual increase. Economists from Dow Jones Newswire and the Wall Street Journal noted that both figures aligned with forecasts.

Inflation has been on the rise throughout this year as businesses have adjusted to the costs associated with President Donald Trump’s import tariffs. Initially, the impact was slower since companies had stockpiled before the tariff announcements. However, those reserves have diminished.

Katy Stoves, an investment manager at Mattioli Woods, commented, “Businesses that built up inventory before tariffs have depleting stock levels now, which compels them to restock at higher prices. Tariffs seem to be more permanent now, and companies are passing those costs onto consumers instead of absorbing them.”

Micron Stock Climbs Following Price Target Increase by Citi

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Micron Technology (MU) shares surged nearly 8% on Thursday, driven by city analysts raising their price targets, citing growing demand for dynamic random access memory (DRAM) chips and the company’s exposure to artificial intelligence.

Analysts have adjusted Micron’s price target to $175 from $150, reiterating a “buy” rating for the stock.

In their note to investors, they contended that “the ongoing increase in memory prices is fueled by limited production and stronger-than-expected demand, particularly from data centers.”

Micron’s fourth-quarter report for 2025 is scheduled for September 23. Citi forecasts earnings per share and revenue of $11.2 billion, aligning with broader analyst predictions. Still, Citi believes their projections could exceed expectations, especially due to sales and pricing increases in DRAM and NAND products.

Micron’s stock has grown nearly 80% since the start of the year.

Opendoor Stock Soars Following New CEO Announcement

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Opendoor Technologies (Open) saw its stock rise 50% on Thursday after the online real estate platform appointed a new CEO, bringing its founder back onto the board and acquiring new funding.

Former Shopify COO Kaz Nejatian is set to lead as CEO, replacing Carie Wheeler.

The company’s co-founders, Keith Rabois and Eric Wu, have rejoined the board, with Rabois stepping in as the chairman. Lead Independent Director Eric Feder stated that their return brings much-needed “founder DNA and energy at crucial times for Opendoor.”

Additionally, Khosla Ventures and Wu have entered a securities purchase agreement with Opendoor, contributing $40 million to the company. Opendoor plans to utilize these funds to continue investing in its business.

Since July, Opendoor stocks have been on the rise as retail investors have embraced it as a Meme Stock, climbing from a mere $0.53 in June to nearly $9 today.