Nomura Securities Maintains a 'Buy' on Microsoft (MSFT); Raising PT Ahead of Windows 8 Preview
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Price: $495.40 -0.3%
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Microsoft (NASDAQ: MSFT) price target raised to $37.00.
Analyst, Rick Sherlund, said, " We will attend Microsoft’s unveiling of the Consumer Preview Release of Windows 8 today at the Mobile World Congress in Barcelona. We expect this to be a big event. Microsoft shares have essentially reached our $32 price target, and we are rolling forward 12-months to a revised $37 price target. There is no change to our EPS estimates. The period between beta release (today) and Release to Manufacturing (we estimate end of July or August) of a major new version of Windows has tended to be the richest sweet spot in the product cycle, driving the stock 21% higher, on average. We derive a DCF value of $34, which we roll forward 12-months at the weighted average cost of capital to derive our DCF value of $37 per share one year from now."
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 $31.87 yesterday.
Analyst, Rick Sherlund, said, " We will attend Microsoft’s unveiling of the Consumer Preview Release of Windows 8 today at the Mobile World Congress in Barcelona. We expect this to be a big event. Microsoft shares have essentially reached our $32 price target, and we are rolling forward 12-months to a revised $37 price target. There is no change to our EPS estimates. The period between beta release (today) and Release to Manufacturing (we estimate end of July or August) of a major new version of Windows has tended to be the richest sweet spot in the product cycle, driving the stock 21% higher, on average. We derive a DCF value of $34, which we roll forward 12-months at the weighted average cost of capital to derive our DCF value of $37 per share one year from now."
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 $31.87 yesterday.
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