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Down 26% in the Past Month, Mizuho Analysts Still Think Oracle Stock Can Soar 93%. Should You Buy ORCL Now?

Oracle ORCL Mizuho Siti Panigrahi Amazon Microsoft

Oracle (ORCL) stock looked unbeatable just two months ago. The company was landing large back-to-back AI deals, with implicit backing from the current administration. The momentum seems to be wearing off as quickly as it started, with ORCL stock now down over 31% from its one-month high.

Some analysts are not losing hope and are doubling down instead. Mizuho Securities analyst Siti Panigrahi has been a long-time Oracle bull. He sees the crash as a buying opportunity and reiterated an "Outperform" rating on ORCL stock. The firm upped its price target from $350 to $400, which implies ~84% upside potential from the current price.

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