- 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 adjusted the rating after attending E3 and met with Xbox CFO Tim Stuart. At E3, Microsoft focused on Xbox Game Pass as being the driver of the gaming franchise with higher engagement and a stronger monetization loop benefiting the company along with its ecosystem partners, according to Street Insider. The 3 main areas of focus were Content, Community, and Cloud.
The company management sees Content as being the driving force for expanding the Game Pass subscriber pass to over 100 million eventually. And Microsoft management is also focused on developing a Community by providing more value for its core gamer base and reaching a broader base of billions of gamers. Plus Microsoft aggressively expanded capacity for its xCloud streaming service as Stuart pointed out that implementing new capacity has been relatively rapid.
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