Mizuho raised the firm’s price target on Oracle (ORCL) to $300 from $245 and keeps an Outperform rating on the shares. The firm has increased confidence that Oracle is emerging as a structural winner in artificial intelligence. Oracle Cloud has “differentiated” architecture and is seeing a surge in demand for AI training workloads that is driving a growth inflection, the analyst tells investors in a research note. Mizuho believes the analyst day in October could serve as a major catalyst for a re-rating of Oracle shares.
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