Mizuho reiterates USD 320 target for Oracle stock

Published on 10/15/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oracle's first-quarter cloud infrastructure revenue reached USD 7.4 billion, up 121 percent. Oracle stock costs EUR 114.21 on October 15, 2026.

AI expansion meets funding demands

Mizuho maintained an Outperform rating and a USD 320 target on October 14, 2026.
Remaining performance obligations reached USD 664 billion in fiscal first quarter 2027.
Oracle stock trades at EUR 114.21 at 11:02 a.m. CEST at Lang & Schwarz on October 15, 2026.

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Oracle Corporation (ISIN US68389X1054) has a USD 320 analyst target from Mizuho after the bank reviewed progress at the company's Project Jupiter data center. According to Investing.com on October 14, 2026, Mizuho reiterated an Outperform rating and its USD 320 price target.

Cloud growth meets funding pressure

Oracle's fiscal first quarter 2027 produced USD 19.3 billion in revenue, up 30 percent year over year. Cloud infrastructure revenue reached USD 7.4 billion, a 121 percent increase, while total cloud revenue rose 62 percent to USD 11.6 billion, according to The Globe and Mail.

The growth came with a large cash requirement. Capital expenditures reached USD 28.0 billion in fiscal first quarter 2027, while free cash flow was negative USD 5.0 billion. Oracle's full-year fiscal 2027 capital expenditure outlook stands at USD 90 billion to USD 95 billion, according to The Globe and Mail. The investment case therefore depends on converting contracted demand into cash generation.

What does the backlog mean for cash?

Oracle ended fiscal first quarter 2027 with USD 664 billion in remaining performance obligations, up USD 209 billion year over year. The company also booked more than USD 30 billion in new AI cloud contracts during the quarter, while operating cash flow reached USD 23 billion, up 184 percent year over year, according to Yahoo Finance. For investors, the contrast between a record backlog and negative free cash flow is the central measure of execution.

Three dates define the story

On September 10, 2026, Oracle reported fiscal first-quarter revenue of USD 19.3 billion and raised its fiscal 2027 revenue outlook to at least USD 90 billion, as reported by The Globe and Mail. On October 13, 2026, Oracle stock rose 4.28 percent to USD 143.29 as Project Jupiter progress and infrastructure partnerships supported the market narrative, according to Gate News.

On October 14, 2026, Mizuho reiterated its Outperform rating and USD 320 target while citing Project Jupiter progress, according to Investing.com.

Upcoming dates for Oracle investors

Oracle AI World is scheduled for October 25-28, 2026, according to Oracle. The company is also scheduled to hold an Investor Day on October 28, 2026, according to Investing.com. Both dates may sharpen the market's view of capacity deployment and funding needs.

Stock price and valuation context

Oracle's primary-market quote was last at USD 130.54 on the NYSE on October 14, 2026 at 3:59 p.m. ET. The 52-week range was USD 114.50 to USD 322.54, while market capitalization stood at USD 376.0 billion on that date. The euro quotation places the stock near the lower end of that dollar range, but the currencies and venues are separate measures.

Oracle stock was trading at EUR 114.21 at Lang & Schwarz on October 15, 2026 at 11:02 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Oracle stock.