- The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $370 price target from Redburn. These are the details.
The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $370 price target from Redburn. And Redburn analyst Alex Haissl initiated coverage of Microsoft with a “Buy” rating.
Haissl adjusted the rating while noting that Azure has been a key part of Microsoft Azure is a key part of the company’s positive equity store that is worth $1 trillion. But Haissl noted that Azure has room to improve as it is a technology laggard compared to Amazon’s AWS and Google GCP.
Despite the deficits, Haissl believes that the market is underestimating long-term growth for infrastructure providers and that a $1 trillion value for the cloud unit is not priced in Microsoft’s current valuation.
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