Mizuho Reiterates Outperform on Oracle (ORCL) with $350 Target Despite AI Margin Concerns

Oracle Corporation (NYSE:ORCL) is one of the AI Stocks on the Market’s Radar. On October 7, Mizuho analyst Siti Panigrahi reiterated an Outperform rating on the stock with a $350.00 price target. The firm noted how shares traded down after an article from “The Information” which called out weakness in AI margins. However, the firm sees “minimal incremental information” in the article beyond issues that have already been discussed. It also noted how parts of the article actually support the view that Oracl ...