Mizuho reiterates Oracle outperform, sees 164% upside

According to CNBC, Mizuho reiterated its outperform rating on Oracle and kept a $320 price target on the stock, implying 164% upside from Monday's close. Analyst Siti Panigrahi said Oracle shares trade at a deep discount to comparable infrastructure peers despite stronger growth, and said execution is improving across capacity conversion, remaining performance obligation quality and financing visibility. Panigrahi also said Oracle trades at 14 times its 2027 non-GAAP earnings, below peers, and pointed to catalysts including continued capacity monetization through fiscal years 2027 and 2028, a fading financing overhang, early applications reacceleration and potential credit re-ratings. Oracle shares have fallen roughly 38% year to date, and LSEG data shows 35 of the 44 analysts covering the company have a buy or strong buy rating.