Although Oracle shares have fallen 26% in the last month, analysts at Mizuho still believe Oracle shares can rise 93%. Should you buy ORCL now?

oracle (ORCL) Just two months ago, the stock looked unbeatable. The company made large back-to-back AI deals, with implicit support from the current government. Momentum appears to be fading just as quickly as it started for ORCL stock Decline of over 31% from its one-month high.

Some analysts don’t give up hope and instead double down. Siti Panigrahi, an analyst at Mizuho Securities, has been a long-time Oracle bull. He sees the crash as a buying opportunity and reiterated his “outperform” rating on ORCL shares. The company raised its price target from $350 to $400, implying an upside potential of approximately 84% from the current price.

Why Mizuho doubled down

Mizuho noted that Oracle has expanded its Oracle Cloud Infrastructure (OCI) and There was also $65 billion in remaining performance obligations tied to four customers. Margins are also higher, and Mizuho’s increased confidence reportedly comes from the four…