Oracle (ORCL, Financial) has successfully secured a task order under the U.S. Department of Defense's Joint Warfighting Cloud Capability contract. This firm-fixed price agreement involves providing cloud computing and storage services to the U.S. Army's Enterprise Cloud Management Agency (ECMA). The services will be delivered via Oracle U.S. Defense Cloud and are set to meet Defense Information Systems Agency Impact Levels 2, 4, 5, and 6.
ECMA, a key operational agency within the U.S. Army's Office of the CIO, is charged with advancing the Army's digital transformation efforts. This task order is part of the Department of Defense's largest competitive Joint Warfighting Cloud Capability award for 2024. It aims to enhance the ECMA’s extensive multicloud ecosystem, aligning with the Army Digital Transformation Strategy.
By expanding ECMA's cloud capabilities, this initiative will allow Army clients to drive innovation across various military operational areas. The new cloud services framework will support these efforts with a secure and efficient infrastructure, marking a significant step in the modernization of the U.S. Army's digital operations.
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.
