Oppenheimer Positive on Microsoft's (MSFT) Yammer Deal
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Price: $34.15 -1.33%
Rating Summary:
23 Buy, 20 Hold, 1 Sell
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Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
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Oppenheimer reiterated their Outperform rating and $36 price target on Microsoft (NASDAQ: MSFT) following the acquisition of Yammer for $1.2 billion.
The firm notes the acquisition moves MSFT closer to enterprises around the world, expanding the company’s market reach, and enhancing the broader MSFT cloud service portfolio with solutions like SharePoint, Office 365, Microsoft Dynamics and Skype.
"We view this acquisition as a positive for MSFT as it enhances the company's reach into the enterprise social networking and collaboration space."
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 $29.87 yesterday, with a 52 week range of $23.79-$32.95.
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The firm notes the acquisition moves MSFT closer to enterprises around the world, expanding the company’s market reach, and enhancing the broader MSFT cloud service portfolio with solutions like SharePoint, Office 365, Microsoft Dynamics and Skype.
"We view this acquisition as a positive for MSFT as it enhances the company's reach into the enterprise social networking and collaboration space."
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 $29.87 yesterday, with a 52 week range of $23.79-$32.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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