Movement Alert|Oracle Rises 5.59% in Regular Trading, Mizuho Raises Target to $320 as OCI Capacity Ramp Boosts Earnings Outlook

Market Focus
Sep 08

On September 8, Oracle rose 5.59% in regular trading, reaching $167.0288 per share with turnover of $1.018 billion, poised to hit its highest level since late June.

On the news front, Mizuho raised its price target on Oracle to $320, citing expectations that concentrated Oracle Cloud Infrastructure computing capacity deployment will drive earnings above consensus. The upgrade comes just two days ahead of Oracle's fiscal Q1 earnings report scheduled for September 10 after market close. Market consensus estimates revenue at approximately $191.44 billion, up 27.30% year-over-year, with adjusted EPS of $1.74, representing 17.66% growth. FactSet data shows an average analyst target price of $247.16, well above the current share price, with the majority of institutional views leaning bullish.

Additionally, Hewlett Packard Enterprise recently announced a multi-year global partnership with Oracle to deploy Juniper networking solutions across Oracle's AI data centers, further strengthening its AI infrastructure strategy. Citi also placed Oracle on its 90-day catalyst watch list, maintaining a Buy rating with a $330 target, anticipating cloud profitability validation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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