RBC Capital Keeps $310 Price Target for Oracle (ORCL) Ahead of Q2 FY2026 Earnings

Core Viewpoint - Oracle Corporation is highlighted as a significant AI stock to monitor on Wall Street, with RBC Capital maintaining a "Sector Perform" rating and a price target of $310 ahead of the F2Q26 earnings report scheduled for December 10th [1][2]. Group 1: Earnings Preview - The upcoming F2Q26 earnings report is anticipated to provide insights into financing alternatives, RPO trends, capacity ramp timelines, and the role of AI in accelerating cloud migrations [2]. - Analysts express concern over Oracle shares due to investor caution related to OCI customer concentration, potential margin compression, and incremental leverage [2]. Group 2: Valuation Metrics - Oracle shares are currently trading at 28 times the estimated earnings per share (EPS) for calendar year 2026, while the $310 price target is based on a multiple of 43 times the estimated EPS for the same year [3]. - Despite recognizing Oracle's potential as an investment, some analysts suggest that other AI stocks may present greater upside potential with less downside risk [3].