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4/25, 5:54 PM (Source: TeleTrader)
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Analysts raise Microsoft's share price targets

Advisers at major banks and investment funds were impressed with Microsoft Corp's beat on the top and bottom lines in quarterly results, maintaining the buy, overweight and outperform ratings for the Windows maker on Thursday. The company officially topped $1 trillion in market valuation on the opening bell on Wall Street today and returned to the number one spot, leaving behind Apple and Amazon.

Nomura raised the price target to $131 per share from $124 and cited its core positioning in digital transformation for customers. BMO Capital lifted the level to $147 from $125 per share and highlighted the "durability" of the business model of the technology giant led by chief executive Satya Nadella. There is "upside tension" in the guidance for the current quarter, the note added. Bank of America boosted the target by $5 to $155 and explained all three segments it tracks came in better than expected.

UBS aims at $150 per share, a $25 improvement, while Barclays raised the mark by $20 to $152 and Deutsche Bank added $15 per share to reach $145. Brad Zelnick from Credit Suisse boosted the target by $20 to $145 on what he said was overachievement in high-margin businesses. He also pointed to commercial bookings and ambitions for next year. Oppenheimer stressed the favorable position in cloud services for enterprises and increased the estimate to $145 from $127 per share.

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