Analyst Frederick Grieb from Nomura Securities reiterated his Buy rating for Microsoft Corporation (NASDAQ:MSFT) with a $65 price target, marking a 18% increase from current levels.

This report came after the company beat expectations for revenue and EPS in the 4Q. Revenue beat expectations by $400 million and beat EPS by $0.11. Additionally, the revenue and EPS numbers didn’t include the impact of Windows 10 deferrals.

According to TipRanks, Grieb has a success rate of 63% with an average return of 11.3% per recommendation.