- The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $400 price target from Wells Fargo. These are the details.
The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $400 price target from Wells Fargo. And Wells Fargo analyst Micahel Turrin initiated the coverage of Microsoft with an “Overweight” rating.
Turrin noted that even after Microsoft became one of the largest companies on the planet, they still have a bright future ahead. And Turrin noted that the company has continued growth opportunities in major categories of IT spend, the ability to further monetize a strong positioning in multiple end markets, and a financial profile that is continuing to drive durable growth and margin expansion.
Plus Turrin likes the growth of Azure, the company’s productivity ubiquity, and its impressive margin profile.
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