RBC Capital on Oracle (ORCL): 'The Music Plays On But Investor Scrutiny Growing'

RBC Capital analyst Rishi Jaluria reiterated a Sector Perform rating and $310.00 price target on Oracle (NYSE: ORCL).

The analyst commented: "F2Q26 Earnings Preview: The Music Plays On But Investor Scrutiny Growing; We maintain our Sector Perform rating and $310 PT on Oracle, heading into F2Q26 earnings, slated for Wednesday, December 10th with a call at 5PM ET. We'll be looking for commentary around: 1) potential financing alternatives as fixed income and derivative markets show signs of skepticism; 2) RPO trends going forward; 3) timeline updates for ramped capacity; and 4) AI potentially helping to accelerate cloud migrations.

Stepping back, shares have been under pressure (down -30%+ from ATH/down ~$100B in mkt cap since 9/9/2025), and we believe investors are increasingly skeptical/exercising caution around OCI customer concentration, potential margin compression, and incremental leverage, etc. Shares trade at 28x CY26E EPS, while our $310 PT is based on a 43x CY26E EPS."

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $214.33 yesterday.

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