Microsoft's (MSFT) Gaming Franchise Build Out is Hitting Overdrive

Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $372.00 price target on Microsoft (NASDAQ: MSFT) after speaking with Xbox CFO, Tim Stuart, who confirmed the belief that MSFT's Gaming franchise build out is hitting overdrive.

The analyst stated "Microsoft’s Xbox CFO Tim Stuart outlined Microsoft’s vision to evolve its gaming business by leveraging the 3 C’s of gaming and use Microsoft's entire platform to compete in today's gaming industry. Utilizing the company’s breadth in content, expanding community and industry leading cloud offerings, Microsoft is further building out its holistic gaming platform that is expected to see robust growth over the next 12 months. Looking at the 3 C's individual".

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 $244.97 yesterday.

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