Oracle could generate more cash profit in 2030 than ever before -- and it would still be too expensive to buy.

I hate to say I told you so, but in a column Tuesday , I warned "Oracle stock is probably not worth its present 75x earnings valuation." Now Rothschild & Redburn analyst Alex Haissl has initiated coverage of Oracle ( ORCL -5.45% ) stock -- and Haissl says it's a sell .

Oracle stock is down 4.4% through 10 a.m. ET.

Why this analyst doesn't like Oracle stock

In a note covered on The Fly, Haissl argues the market "materially overestimates" how much revenue Oracle will bring in from its cloud computing business (which is to say, its business supporting OpenAI's artificial intelligence operations ). Oracle predicts this business will grow to $60 billion annually, or

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