Oracle price target raised to $185 from $170 at Mizuho

Mizuho analyst Siti Panigrahi raised the firm’s price target on Oracle to $185 from $170 and keeps an Outperform rating on the shares. Oracle delivered a strong Q1 report, driven by strength in its cloud infrastructure business, the analyst tells investors in a research note. The firm says that given Oracle’s “broad” portfolio of established infrastructure and application products, multi-cloud strategy via hyperscaler partnerships, and “unprecedented demand” for artificial intelligence, it believes the company is “very well positioned to reaccelerate its growth profile.”