Analysts update Oracle stock forecast

Core Insights - Oracle stock has increased by 74% since the beginning of the year, attributed to its pivot towards becoming a leader in artificial intelligence infrastructure [1] - G42 announced progress on the construction of a 1GW AI infrastructure cluster in the UAE, in partnership with major tech companies [2] - Oracle reported a 12% year-over-year revenue growth to $14.9 billion for Q1 of fiscal 2026, with a notable MultiCloud revenue growth rate of 1,592% [4][5] Company Developments - G42 is developing the Stargate AI infrastructure cluster in Abu Dhabi, with the first 200MW targeted for completion by 2026 [2] - IBM introduced three new AI agents on the Oracle Fusion Applications AI Agent Marketplace, enhancing enterprise application productivity [3] - Oracle's Chairman highlighted the significant growth in MultiCloud database revenue, which increased by 1,529% in Q1 [5] Financial Performance - Oracle's Q1 revenue reached $14.9 billion, reflecting a 12% increase in USD and an 11% increase in constant currency [8] - Net income for Q1 was $2.927 billion, slightly lower than the previous year's $2.929 billion [8] - Earnings per share (EPS) decreased by 2% to $1.01, which was $0.01 below consensus estimates [10] Future Outlook - Bank of America analysts provided an optimistic outlook for Oracle, projecting fiscal 2030 revenue of $225 billion and EPS of $21, both exceeding Wall Street estimates [9]