Oracle Corporation (ORCL) Delivered A “clean” Third Quarter, Says Mizuho

Oracle Corporation (NYSE: ORCL ) is The 12 Tech Stocks with the Best Earnings Growth in 2026. On March 16, Mizuho lowered its target stock price for Oracle Corporation (NYSE:ORCL) from $400 to $320 and reiterated its outperform rating. The company said its third-quarter results were “clean,” beating expectations across the board, and it raised its fiscal 2027 revenue target to $90 billion. That’s higher than consensus forecasts. While the price decline has been linked to multiple contractions, the company believes concerns are receding following the release of its third-quarter report.

When Oracle (NYSE: ORCL) announced third-quarter results on March 10, its earnings per share were $1.79, beating expectations of $1.70; revenue was $17.2 billion, beating expectations of $16.92 billion. Overall, the company grew both its organic total revenue and non-GAAP earnings per share by more than 20%. This was something that had never been done in fifteen years.

Scotiabank lowers Oracle (ORCL) price target, sees benefits of AI-accelerated cloud
Scotiabank lowers Oracle (ORCL) price target, sees benefits of AI-accelerated cloud

Looking ahead, Oracle Corporation (NYSE: ORCL ) expects continued growth in its cloud and artificial intelligence infrastructure segments, with earnings of $1.99 per share in the fourth quarter of fiscal 2026. The company also believes revenue growth was driven by the expansion of its suite of cloud applications and strategic investments such as the U.S. version of TikTok.

Oracle Corporation (NYSE: ORCL) is a Texas-based company that provides solutions for enterprise information technology environments. Founded in 1977, the company offers a range of products, including Oracle Cloud SaaS, Oracle Health Applications, Oracle Cloud and on-premises licenses, and Oracle License Support Services.

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While we acknowledge ORCL’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that would also benefit greatly from Trump-era tariffs and homegrown trends, see our free report on AI stocks Best Short-Term Artificial Intelligence Stocks.

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