Investing.com -- Mizuho reiterated an Outperform rating on a major software name with a price target of $320 in a note Tuesday, arguing that shares trading at multi-year lows represent "one of the most attractive risk/reward profiles" in its coverage. On financing, Mizuho explained that Oracle has maintained its investment-grade rating despite a recent S&P downgrade to BBB-, with fiscal 2027 fundraising plans including $40 billion in equity ATM capacity. Panigrahi projects free cash flow flipping positive to $8 billion and $41 billion in fiscal 2029 and 2030, respectively, as fiscal 2027 and 2028 mark peak capex years. Mizuho added that Oracle's current valuation of approximately 15x NTM EPS is significantly below its five-year and three-year averages of 21x and 25x, respectively, positioning shares for a durable re-rate higher. Related articlesThis major stocks offers "one of the most attractive risk/reward profiles": MizuhoGlobal chip stocks extend rebound following last week's routEmirates refusing to take delivery of first 10 Boeing 777X jets