- Microsoft Corporation (NASDAQ: MSFT) saw a price target increase from $225 to $240 by Mizuho in a research note issued to investors this week
Microsoft Corporation (NASDAQ: MSFT) saw a price target increase from $225 to $240 by Mizuho in a research note issued to investors this week. Mizuho analyst Gregg Moskowitz is also keeping a Buy rating on Microsoft’s stock after hosting virtual meetings with several executives.
Moskowitz believes that Azure demand trends are “very good” and he is impressed by signs of increasing monetization of Microsoft 365 / Office 365. Going forward, Moskowitz is expecting that Microsoft is positioning for even “greater success in cloud over the medium-term and beyond.”
Mizuho is not the only financial company that is bullish on Microsoft. Back in July, Bank of America reaffirmed a buy rating and issued a price target of $230 on Microsoft shares. And Wedbush also increased its price target on Microsoft shares from $220 to $260 and assigned the stock “outperform.” Plus Barclays also increased the price target on shares of Microsoft from $204 to $234.
On July 22, Microsoft announced its last quarterly earnings report. The company reported $1.46 in earnings per share, which beat analyst expectations. The company reported revenue of $38.03 billion for the quarter.
Microsoft’s stock price closed up 0.77% on Tuesday at $227.27.
Disclosure: I own a few shares of Microsoft