Oracle Corporation (ORCL, Financial) has been selected by the United States Department of Agriculture (USDA) to provide cloud services as part of the STRATUS program. This initiative, overseen by the USDA’s Digital Infrastructure Services Center, aims to simplify the acquisition of cloud infrastructure services for federal agencies.
Under the STRATUS program, Oracle's cloud services, known as Oracle Cloud Infrastructure (OCI), will be accessible within the Oracle US Government Cloud. This will grant both USDA and other federal agencies the capability to leverage OCI services. The program also offers technical support and training to enhance the adoption and utilization of these cloud solutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Oracle Corp (ORCL, Financial) is $186.58 with a high estimate of $246.00 and a low estimate of $145.00. The average target implies an upside of 38.58% from the current price of $134.64. More detailed estimate data can be found on the Oracle Corp (ORCL) Forecast page.
Based on the consensus recommendation from 42 brokerage firms, Oracle Corp's (ORCL, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Oracle Corp (ORCL, Financial) in one year is $138.74, suggesting a upside of 3.05% from the current price of $134.64. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Oracle Corp (ORCL) Summary page.
