Microsoft (MSFT) Bullish View Reiterated at Oppenheimer Amid Another Solid Quarter
Get Alerts MSFT Hot Sheet
Rating Summary:
52 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Oppenheimer analyst Shaul Eyal reiterated an Outperform rating and $50 price target on Microsoft (NASDAQ: MSFT) following strong Q1 results.
Eyal commented, "MSFT delivered another solid set of results with most product lines realizing YoY growth. Of special note, MSFT's Commercial Cloud business grew 128% YoY driven by Office 365, Azure, and Dynamics CRM. Internal realignment efforts contributed to improved operating margins (ex- integration and restructuring) and it appears CEO Nadella is infusing new DNA. F2Q15 guidance is positive and we see momentum sustained into the holiday (Gaming) and year-end season (enterprise)."
The firm is adjusting 2Q14 estimate to $26.1B/$0.72 from $29.0/$0.84. FY14E goes to $98.7B/$2.73 from $100.2B/$2.91. FY15E goes to $107.6B/$3.18 from $110.1/$3.17.
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $45.02 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Mr. Cooper Group Inc. (COOP) PT Raised to $87 at Jefferies
- Summit Insights Downgrades Silicon Labs (SLAB) to Hold, 'expect its stock to be an inline performer'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!