UBS Maintains a 'Buy' on Microsoft (MSFT); Raising Numbers On Surprise Quarter
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Price: $34.87 +2.32%
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
23 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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UBS maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target raised $1 to $37.
Analyst, Brent Thill, said, "MSFT raising our FY13 estimates and PT to $37 as we’re seeing early signs of strong enterprise interest in its upcoming product cycle. We think the key takeaway from FQ3 was the strength in multi-year licensing revenue showing enterprise customers stepping up in advance of the product cycle and committing long-term to the MSFT platform. MSFT is seeing this buying behavior not just with EA renewals but new customers as well...FY13 estimates to $80.65B/$3.10 from $80.4B/$3.05 (Street $80.0B/$3.02).
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 $31.01 yesterday, with a 52 week range of $23.65-$32.95.
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Analyst, Brent Thill, said, "MSFT raising our FY13 estimates and PT to $37 as we’re seeing early signs of strong enterprise interest in its upcoming product cycle. We think the key takeaway from FQ3 was the strength in multi-year licensing revenue showing enterprise customers stepping up in advance of the product cycle and committing long-term to the MSFT platform. MSFT is seeing this buying behavior not just with EA renewals but new customers as well...FY13 estimates to $80.65B/$3.10 from $80.4B/$3.05 (Street $80.0B/$3.02).
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 $31.01 yesterday, with a 52 week range of $23.65-$32.95.
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