Air Force Awards Oracle $88M Cloud One Contract; Price Target Raised to $180
Oracle secured an $88 million firm-fixed price task order from the Department of the Air Force to deliver cloud infrastructure services for the Cloud One program through December 7, 2028, across contractor-specified US facilities. On February 9, DA Davidson upgraded Oracle to Buy from Neutral with a $180 price target.
1. Air Force Task Order Award
Oracle received an $88 million firm-fixed price task order from the Department of the Air Force on February 12 to supply Oracle Cloud Infrastructure services under the Cloud One modernization initiative.
2. Scope, Facilities and Timeline
The task order covers performance at contractor-specified facilities across the United States, delivering enhanced performance, security and resiliency across classification levels, with services running through December 7, 2028.
3. Analyst Upgrade and Price Objective
On February 9, DA Davidson upgraded Oracle's stock rating to Buy from Neutral and set a price objective of $180, citing renewed AI capital from OpenAI and Oracle’s positioning in the broader AI competition with Google.