Mizuho Oracle · ORCL

Mizuho Reiterates Outperform Rating on Oracle (June 11)

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$320
Unchanged
Upside
+176%
ORCL at $116 today
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What the analyst said

Mizuho analyst Siti Panigrahi reiterated an Outperform rating and $320.00 price target on Oracle (NYSE: ORCL).

“Oracle delivered another strong quarter to close FY26, with FQ4 revenue of $19.2B (+21% Y/Y), vs. consensus of $19.1B, led by IaaS of $5.8B (+93% Y/Y), above the Street’s $5.7B.

The beat confirms Oracle’s capacity ramp is converting its record backlog into revenue, and the FQ1’27 delivery pace (nearly 1GW, roughly the entire FY26 build combined) points to continued acceleration.

Non-GAAP operating margin held at 45% (+54bp Y/Y) and non GAAP EPS of $2.11 grew 24% Y/Y ($2.03 ex one-time investment gains), showing Oracle can scale AI infrastructure while protecting profitability.

RPO increased to $638B (+363% Y/Y, +$85B added sequentially), with the BYOH/prepaid book reaching $75B, structures that limit incremental funding even as FY27 all-in CapEx steps to $90-95B.

Management confirmed its $90B FY27 revenue target (~34% Y/Y) and raised its FY27 non-GAAP EPS guide to $8.05. Reiterate Outperform.”

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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 $320 target is 38% above the median.

Since the note ORCL has moved −42% (from $201). 12-month window: day 149 of 365, closes on June 11, 2027.

Track record

This callOpen: ORCL has not reached $320 yet. This 12-month target is scored on June 3, 2027. Same target as this firm’s June 3, 2026 note, so it is scored there.

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 18 notes after Oracle’s Jun 10 results: 6 raised · 2 cut · 10 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, 2026 This noteKept 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, 2026Earliest 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.