(News Bulletin 247) – Mizuho initiates a follow-up to Oracle with a ‘buy’ recommendation and a price target of $116, citing in particular an ‘attractive valuation ahead of an expected economic slowdown’.
Additionally, he believes that “investors may be underestimating Oracle’s medium-term potential to deliver solid revenue and cash flow growth, and exceed its fiscal year 2026 targets.” revenue and EPS.
‘Oracle’s vast portfolio of infrastructure and application products has matured, prompting the company to move to the cloud to reaccelerate its growth profile’, underlines the Japanese broker in its note on the software publisher .
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
