In a report released yesterday, Brent Bracelin from KeyBanc maintained a Buy rating on Microsoft (MSFT), with a price target of $125. The company’s shares closed yesterday at $109.19.
Bracelin commented:
“We estimate Azure revenue could surpass Windows revenue within three years, by growing at a 55% CAGR to $26B+ by F2021E, while 365 applications could more than double to $38B combined by F2021E. GitHub is one of the most popular cloud applications for developers. As the world’s largest code warehouse with 100+ million code repositories, GitHub has become the most popular developer application where open-source code can be stored, shared, and built across a community of 33M+ users. Microsoft has bold aspirations to expand its portfolio of developer applications beyond Studio as digital transformation creates a need for software across the enterprise. Jobs imply F50 interest in and Walmart.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 20.1% and a 71.8% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Everbridge Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $124.32 average price target, a 13.9% upside from current levels. In a report issued on November 23, Credit Suisse also maintained a Buy rating on the stock with a $125 price target.
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Microsoft’s market cap is currently $833.4B and has a P/E ratio of 45.31. The company has a Price to Book ratio of 9.75.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock.
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