Mizuho keeps Outperform, targets $320 for Oracle ahead of earnings
Mizuho maintained an Outperform rating and a $320 price target for Oracle ahead of its fiscal first-quarter earnings on Sept. 10, citing AI cloud capacity gains.
Oracle Corp. (ORCL, Financials) has spent billions of dollars trying to narrow the gap with the leading cloud providers. Mizuho said investors are about to see the payoff. The brokerage kept its Outperform rating and $320 price target ahead of Oracle's fiscal first-quarter earnings on Sept.
10.