Mizuho reiterates Outperform and $320 target ahead of Oracle earnings
Mizuho kept an Outperform rating and a $320 price target for Oracle ahead of its fiscal first-quarter earnings on Sept. 10, citing an AI capacity ramp as the potential upside for investors.
Oracle Corp. (ORCL, Financials) has spent billions of dollars trying to catch up 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.