Mizuho Reiterates Outperform Rating on Oracle (ORCL) following earnings

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

The analyst commented, "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."

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $149.40 yesterday.

You May Also Be Interested In

• Goldman Sachs Assumes Klaviyo Inc (KVYO) at Buy
• Backblaze Inc (BLZE) PT Raised to $14 at Citizens on CRWV Deal Announcement
• Cantor Fitzgerald Starts Silence Therapeutics (SLN) at Overweight