Oracle initiated with a Buy at Mizuho

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.