Mizuho Oracle · ORCL

Mizuho Reiterates Outperform Rating on Oracle (March 11)

Analyst: Siti Panigrahi 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$400
Unchanged
Upside
+245%
ORCL at $116 today
Mizuho and Oracle logos

What the analyst said

Mizuho analyst Siti Panigrahi reiterated an Outperform rating and $400.00 price target on Oracle (NYSE: ORCL).

“Oracle delivered a strong FQ3, with revenue of $17.2B beating consensus of $16.9B, as IaaS of $4.9B (+84% Y/Y) came in well above the Street’s $4.7B estimate, a meaningful acceleration from 68% in FQ2 (AI infrastructure revenue grew 243% Y/Y).

The beat confirms Oracle’s capacity ramp is converting backlog into revenue at the pace needed to hit FY26 cloud growth targets, which should increase investor confidence.

Op. margins of 42.9% also came in ahead of consensus of 42.7%, showing Oracle can scale its AI infrastructure while maintaining profitability.

RPO grew to $553B, with management noting most incremental bookings ($29B contracts) were structured as customer-prepaid or BYOC arrangements requiring no additional Oracle financing (FY26 CapEx guide left unchanged at $50B).

Management also raised its FY27 revenue target to $90B (from $89B), implying ~34% Y/Y growth.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

ORCL trades at $116. The 22 analysts who set a target in the last 3 months range from $155 to $400, with a median of $233. This $400 target is 72% above the median, the highest on the Street.

Since the note ORCL has moved −22% (from $149). 12-month window: day 241 of 365, closes on March 11, 2027.

Track record

This callOpen: ORCL has not reached $400 yet. This 12-month target is scored on March 11, 2027.

Firm track recordMizuho: 88% of its 69 targets at least a year old were reached within 12 months (#2 of 26 firms). Accuracy ranking →

Earnings reactionOne of 16 notes after Oracle’s Mar 10 results: 4 raised · 2 cut · 8 kept. See every call →

Mizuho on Oracle

Mizuho price targets on Oracle

8 calls from March 11, 2026 to July 21, 2026. The target went from $400 to $320 (−20%). The rating stayed Buy.

Mizuho targetORCL share price
  1. July 21, 2026Kept the $320 targetBuy$320
  2. June 15, 2026Kept the $320 targetBuy$320
  3. June 11, 2026Kept the $320 targetBuy$320
  4. June 3, 2026Target cut from $400 (−20%)Buy$320
  5. April 10, 2026Target raised from $320 (+25%)Buy$400
  6. April 7, 2026Kept the $320 targetBuy$320
  7. March 16, 2026Target cut from $400 (−20%)Buy$320
  8. March 11, 2026 This noteEarliest call shownBuy$400
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Other analysts on Oracle

ScotiabankBuy Cut price target −5%, kept rating Oct 29 $205from $215 GuggenheimBuy Kept rating and price target Oct 29 $400maintained OppenheimerBuy Kept rating and price target Oct 29 $275maintained BairdBuy Kept rating and price target Oct 29 $215maintained Melius ResearchBuy Kept rating and price target Oct 29 $170maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.