Oracle Corporation (NYSE: ORCL) is highlighted as one of the AI stocks shaping Wall Street’s next big rally, with Mizuho reiterating an “Outperform” rating and a $350 price target on October 6. The firm anticipates more growth ahead of Oracle’s financial analyst day on October 16, where a focus on long-term AI growth is expected.

The newly appointed co-CEOs of Oracle are set to present a unified strategy for Oracle Cloud Infrastructure (OCI) and applications, strengthening its position as a full-stack platform for enterprise AI adoption. Mizuho believes Oracle’s management will raise long-term financial targets and outline a funding plan for AI data center expansion.

Despite acknowledging Oracle Corporation (NYSE: ORCL) as a strong investment opportunity, some believe other AI stocks offer greater potential with lower downside risk. An upcoming analyst day is seen as a catalyst to refocus investor attention on Oracle’s AI growth story, supported by strong demand from customers like OpenAI, Meta, and xAI.

Read more at Yahoo Finance: Mizuho Reiterates Oracle (ORCL) “Outperform,” Sets $350 Target Ahead of Analyst Day