- The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $325 price target from Wedbush. These are the details.
The shares of Microsoft Corporation (NASDAQ: MSFT) have received a $325 price target from Wedbush. And Wedbush analyst Daniel Ives has an “Outperform” rating on the company shares.
Ives pointed out that Microsoft reported fourth-quarter results with headline numbers that beat Wall Street expectations. And Ives noted he believes the strong numbers from Microsoft are continuing to be a broader indication of strength he expects to see across the enterprise cloud software operations during the earnings season.
The guidance was ahead of Wall Street expectations and it speaks to the cloud story that is now hitting its next gear. Ives believes that Wall Street is underestimating that business.
Ives assigned the higher price target and rating due to the robust print and guidance. And this underscored Ives’ confidence in Microsoft.
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