Mizuho analyst Siti Panigrahi initiated coverage of Oracle with a Buy rating and $116 price target. Oracle’s "broad" portfolio of infrastructure and application products has matured, prompting the company to transition to the cloud to reaccelerate its growth profile, Panigrahi tells investors in a research note. The analyst believes investors may be underestimating the company’s potential over the medium-term to generate "solid" sales and cash flow growth, and exceed its fiscal 2026 targets.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ORCL:
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Oracle upgraded to Overweight from Neutral at Piper Sandler
- Oracle upgraded to Buy from Hold at Jefferies
- Can Oracle (NYSE:ORCL) Stock Continue to Beat The Market?
- Social Media Names in Focus as TikTok Faces Lawmakers’ Heat
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue