Is Oracle Set for Breakthrough Quarter? Analyst Eyes AI Superclusters and Cloud Growth
Portfolio Pulse from Anusuya Lahiri
Mizuho analyst Siti Panigrahi maintains a Buy rating on Oracle Corp (ORCL) with a price target of $150, anticipating a strong Q2 driven by cloud business and AI Superclusters. Despite a 37% YTD share increase, Oracle is seen to offer good risk-reward due to AI tailwinds and robust demand for Fusion SaaS and OCI. Panigrahi expects Q2 revenue and EPS in line with consensus at $13.05 billion and $1.32 billion, respectively, and predicts margin improvements as Oracle transitions more applications onto OCI Gen II.
December 07, 2023 | 6:22 pm
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Oracle Corp is expected to have a strong Q2, driven by its cloud business and AI Superclusters, with a Buy rating and a $150 price target from Mizuho analyst Siti Panigrahi. The company's shares are up 37% YTD, but the analyst believes there is still an attractive risk-reward scenario.
The positive outlook from the analyst, including the expectation of strong Q2 performance and a high price target, suggests a bullish sentiment that could lead to a short-term increase in Oracle's stock price. The mention of robust demand for Oracle's cloud services and AI Superclusters, along with anticipated margin improvements, further supports the potential for a positive impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100