Citi cuts Oracle (ORCL) price to $375 on valuation concerns, maintains Buy rating and expects strong bookings

Oracle Corporation (NYSE:ORCL) is one of the The most profitable tech stocks to buy. On December 4, Citi analyst Tyler Radke lowered the company’s price target on Oracle from $415 to $375 but maintained a Buy rating on the stock. Citi lowered its price target for Oracle, citing the stock’s lower valuation as the reason for the cut. Despite this adjustment, the company expects Oracle to report strong bookings.

At the start of its first quarter 2026 earnings report, Oracle Corp. reported generating total revenue of $14.9 billion, an increase of 11% over the previous year. Cloud services were the main driver, with total cloud revenue rising 27% to $7.2 billion. Cloud infrastructure revenue increased 54% to $3.3 billion, with OCI consumption revenue increasing 57%. The company’s RPO saw a massive 359% year-over-year increase, reaching $455 billion.