Ugly Old Microsoft (MSFT) Ready to Blossom?
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Price: $399.04 --0%
Rating Summary:
52 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 17 | New: 5
Rating Summary:
52 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 17 | New: 5
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Analyst are expecting poor PC growth for the remainder of the year, going into 2013. While this has caused some skepticism about Microsoft’s (Nasdaq: MSFT) prospects, others say the company will blossom in 2013. The key for Microsoft will hinge on the performance of Windows 8 and the company's ability to crack into the tablet market.
Analyst Rick Sherlund of Nomura thinks Windows 8 is not likely to be disruptive in the pure consumer space where Apple (Nasdaq: AAPL) has an enormous head start and product leadership.
"We suspect traction will be in the market where enterprise users and prosumers value Office compatibility and have a need for more functionality than is important in the pure consumer space," said Sherlund.
In other words, Window's 8 has to be more than a pretty face and offer a functional device to make employees more productive.
"We think 2013 will be the year in which MSFT emerges with new products on new platforms and has the potential to go a step further in delivering higher end functionality and differentiation than the consumer market which investors are rather narrowly focused on at present," concluded Sherlund.
Sherlund thinks Windows 8 will be a slow start out of the gate as new tablets will initially be in short supply and Ultrabook touch devices will be high in price. However, results should accelerate through 2013, and the stock may perform well as a result.
Nomura Securities has a Buy rating on Microsoft (NASDAQ: MSFT) and a price target of $37.00.
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 $29.20 yesterday.
Analyst Rick Sherlund of Nomura thinks Windows 8 is not likely to be disruptive in the pure consumer space where Apple (Nasdaq: AAPL) has an enormous head start and product leadership.
"We suspect traction will be in the market where enterprise users and prosumers value Office compatibility and have a need for more functionality than is important in the pure consumer space," said Sherlund.
In other words, Window's 8 has to be more than a pretty face and offer a functional device to make employees more productive.
"We think 2013 will be the year in which MSFT emerges with new products on new platforms and has the potential to go a step further in delivering higher end functionality and differentiation than the consumer market which investors are rather narrowly focused on at present," concluded Sherlund.
Sherlund thinks Windows 8 will be a slow start out of the gate as new tablets will initially be in short supply and Ultrabook touch devices will be high in price. However, results should accelerate through 2013, and the stock may perform well as a result.
Nomura Securities has a Buy rating on Microsoft (NASDAQ: MSFT) and a price target of $37.00.
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 $29.20 yesterday.
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