Mizuho Securities has adjusted its target price for Oracle (ORCL, Financial), reducing it from $210 to $180, while maintaining an “Outperform” rating on the stock. This adjustment is part of a broader review of the software sector’s first-quarter performance outlook.
The firm has revised price targets across the board to account for the recent compression in software valuation multiples. Despite this, Mizuho sees the recent downturn in share prices as a compelling opportunity for investors….
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