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Microsoft (MSFT) Gets a Buy Rating from KeyBanc


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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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