Mizuho Reiterates Outperform Rating on Oracle (ORCL)

Mizuho analyst Siti Panigrahi reiterated an Outperform rating and $180.00 price target on Oracle (NYSE: ORCL)

The analyst comments: "Oracle delivered double-digit organic revenue growth in FQ4, its first in over a decade, marking a major milestone fueled by strong momentum across cloud infrastructure and SaaS. A key highlight was RPO growth of 41% Y/Y to $138B, even without any contribution from Stargate, which management noted is still forming. FQ4 revenue grew 11%, driven by OCI growth accelerating to 62% Y/Y and Fusion Cloud ERP grew 22%. Management guided to $67B in revenue for FY26, up 16% Y/Y (vs. prior guidance of 15%), with RPO growth expected to exceed 100% next year. As we highlighted in our January 2023 initiation ("Don't Miss Oracle's Next Phase"), Oracle has reemerged as a double-digit grower (vs. 2% revenue CAGR from FY12-22), driven by accelerating demand for infrastructure, strong SaaS traction, and a deepening multi-cloud strategy. We continue to believe Oracle is very well positioned for long-term growth."

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Shares of Oracle closed at $176.38 yesterday.

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