Oracle Secures $88 Million Cloud Contract with U.S. Air Force, Boosting Stock by 16%

Oracle has successfully obtained an $88 million cloud contract with the U.S. Air Force, strengthening its position in the Department of Defense's cloud modernization efforts. According to NS3.AI, this development has led to a 16% increase in Oracle's stock value this week, prompting Wall Street analysts to raise their price targets for the company. Despite differing opinions, several firms consider Oracle a promising investment in the software industry, with some price targets reaching as high as $400.