- The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $300 price target from Morgan Stanley. These are the details.
The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $300 price target from Morgan Stanley. And Morgan Stanley analyst Keith Weiss reiterated an “Overweight” rating on the company shares.
Weiss issued the report following the Q2 2021 CIO Survey — which highlighted Microsoft as being poised to see outsized share gains as cloud computing becomes the top CIO priority. Weiss noted that Microsoft remains the top IT wallet share gainer due to the shift of the cloud and Microsoft’s lead this quarter had widened considerably over Amazon.
“Net of CIOs indicating share loss, 46% see Microsoft gaining the most IT wallet share in 2021, up from +35% in our prior survey (Amazon at +26% this quarter vs 22% prior),” said Weiss in a research note via Street Insider.
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