microsoft stock price

Microsoft shares could be set for a huge bump, according to Keith Weiss, an analyst at Morgan Stanley.

In a note to clients on Monday, Weiss pointed to rising earnings and increased success of the company’s cloud services as possible drivers of big growth. Weiss raised his price target for Microsoft from $72.00 to $80.00 but said it could go as high as $102, a 46% increase from its current price.

Weiss laid out three main reasons he thinks Microsoft’s stock price could go up dramatically this year: cloud services, consumer-facing technologies, and the company’s financials.

Microsoft is expanding its market share in cloud services, which could increase earnings, according to Weiss. More companies are adopting Azure, Microsoft’s cloud computing platform, and the company is increasing monetization of its online Office 365 software and machine learning offerings. The increased cloud market share could eventually total $110 billion for Microsoft, Weiss said.

New consumer-focused technologies could also help drive growth at Microsoft. The company recently announced a new Xbox console and Surface laptop. The new laptop brings the company’s Windows 10 S operating system to the market, which is designed to go head-to-head with Google’s Chrome OS platform in the …read more

Source:: Businessinsider – Technology

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