ORCL Stock Gains Nearly 4% — Why Mizuho Sees 164% Upside Despite Oracle’s 38% YTD Slump

Oracle (ORCL) stock gained nearly 4% after Mizuho initiated coverage with a buy rating.

Mizuho sees 164% upside for Oracle, setting a price target of $120.

Oracle shares are down 38% year-to-date, but Mizuho says its valuation no longer reflects its growth outlook.

Mizuho expects multiple catalysts to drive a rebound, including cloud momentum and an improving macro environment.