Microsoft Stock Price: $290 Target Reiterated By Morgan Stanley

By Amit Chowdhry ● April 4, 2021
  • The shares of Microsoft (NASDAQ: MSFT) received a reiterated price target of $290 by Morgan Stanley. These are the details.

The shares of Microsoft (NASDAQ: MSFT) received a reiterated price target of $290 by Morgan Stanley. And Morgan Stanley analyst Keith Weiss also reiterated the “Overweight” rating on the company shares.

In the updated report, Weiss cited unconfirmed reports of Microsoft being in talks to buy Discord. Discord is a rapidly growing voice, video, and chat service that has been popular with the gaming, developer, dating, anime, and stock trading communities.

Weiss believes that acquiring Discord would enable Microsoft to have a more powerful community component around its platforms, especially since Mixer was shut down. Discord is currently seeing about 140 million monthly active users and Weiss believes that Discord could become a unifying thread across all gaming platforms like the Xbox, the PC, and the Game Pass subscriber service. Discord is based on the Google Cloud Platform and moving the service to Azure would be a major win for Microsoft in the cloud computing rivalry.

“Ultimately, as Game Pass grows in importance, Microsoft not only could get an additional higher-margin, recurring revenue stream (therefore minimizing volatility from future console cycles), but also a gaming franchise that is both accessible and extensible,” wrote Weiss in the research report via Seeking Alpha.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.