Oracle Corporation (ORCL) delivered a “clean” third quarter, says Mizuho

Oracle Corporation (NYSE:ORCL) is one of the 12 Tech Stocks With the Best Earnings Growth in 2026. On March 16, Mizuho lowered the price target on Oracle Corporation (NYSE:ORCL) from $400 to $320 and reiterated an “Outperform” rating. According to the company, the company delivered a “clean” third quarter, beating estimates across the board and raising its FY27 revenue target to $90 billion. This was higher than the consensus forecast. While the company links the price drop to multiple declines, it expects concerns to subside after the Q3 report.

When Oracle Corporation (NYSE: ORCL) reported its third-quarter results on March 10, it reported earnings per share of $1.79, above the $1.70 forecast, and revenue of $17.2 billion, above estimates of $16.92 billion. Overall, the company achieved growth of more than 20% in both total organic revenue and non-GAAP EPS. This is something that hasn’t been done in over a decade and a half.