- The shares of Microsoft (NASDAQ: MSFT) have received a $380 price target from Stifel. These are the details.
The shares of Microsoft (NASDAQ: MSFT) have received a $380 price target from Stifel. And Stifel analyst Brad Reback reiterated a “Buy” rating on the shares.
Reback adjusted the rating after hosting a series of meetings with the investor relations team.
“Overall, the meetings served to re-enforce our belief that Microsoft is one of the best-positioned names within the software sector for sustainable, durable, profitable growth in the foreseeable future,” wrote Reback in a research note. “Additionally, given management’s commentary regarding the long-term Azure opportunity, we continue to believe that modern, multi-cloud, third-party consumption-based businesses should continue to post robust results in coming years. Net/net, in our view, the ever-growing backlog of digital transformation opportunities positions Microsoft well to post better than expected top-line growth and, when combined with operational discipline, should enable gross-profit dollars to grow faster than OPEX spend, leading to healthy FCF gains.”
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.