- Wedbush analyst Daniel Ives says Microsoft's(NASDAQ:MSFT)new HoloLens deal with the U.S. Army shows that the company is "gainingmarket share from Amazon/AWS" with the Department of Defense and Pentagon.
- Ives writes that the Pentagon is working on adopting next-generation technologies, which could help Microsoft build out its competitive moat over the next year to 18 months.
- Wedbush maintains an Outperform rating and $300 price target on Microsoft.
- Microsoft shares areup 2.5%to $241.70.
- Background: Yesterday, Microsoft announced a new U.S. Army agreement for mixed reality headsets that could be worth up to $21.88B over thenext decade.
- Related: Microsoft previously won the up to $10B JEDI cloud contract from the Pentagon. But last month reports suggested the Pentagon could pull the program due to an ongoing legal challenge from Amazon.
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