Mizuho Securities analyst Siti Panigrahi has reiterated their bullish stance on ORCL stock, giving a Buy rating on March 14.
Siti Panigrahi has given his Buy rating due to a combination of factors that highlight Oracle’s strong positioning in the market. The company’s robust backlog growth and successful multi-cloud strategy are key indicators of its potential for medium-term success. Oracle’s management has emphasized that their $130 billion in remaining performance obligations does not yet include the Stargate project, which is expected to significantly boost revenue in the coming years.
Oracle’s unique offering of cloud infrastructure, databases, and enterprise applications positions it well in the AI race, allowing it to undercut competitors on pricing for compute services. The company’s multi-cloud strategy has seen a tenfold increase in revenue year-over-year, driven by customer demand and the migration of legacy databases to the cloud. With a promising risk/reward profile and a price target of $210, Oracle is expected to achieve its medium-term revenue and earnings growth targets, making it an attractive investment opportunity.
In another report released on March 14, TD Cowen also reiterated a Buy rating on the stock with a $210.00 price target.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORCL in relation to earlier this year.