- The stock price of Microsoft Corporation (NASDAQ: MSFT) has received a price target increase from $285 to $300 from Wedbush. These are the details.
The stock price of Microsoft Corporation (NASDAQ: MSFT) has received a price target increase from $285 to $300 from Wedbush. And Wedbush analyst Dan Ives also reiterated an “Outperform” rating on Microsoft shares.
Ives pointed out that cloud deals have been accelerating. And he also increased the “bull case” target to $350 from $325.
“Based on our recent field checks, we strongly believe the tide is shifting in the cloud arms race as Microsoft coming off its recent 50% Azure growth number is taking market share vs. AWS (28% YoY growth this quarter) based on our analysis,” wrote Ives in a research note via Street Insider.
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