Goldman Raises Estimates Slightly on Microsoft (MSFT), Maintains Neutral Rating

January 12, 2011 9:44 AM EST
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Goldman Sachs is maintaining their Neutral rating on Microsoft (NASDAQ: MSFT) as the company shares noteworthy information with investors this past week. Some of that information includes things like; their shift away from Intel exclusivity for its next OS, continued executive departures, and above expected holiday sales data from the Kinect. As a result of the strong Kinect sales the firm is raising their FY11-13 EPS estimates to $2.45, $2.68 and $2.96, from $2.42, $2.67 and $2.95.

The firm reports that the Windows 8 announcement is a much-needed step in the right direction in a tablet world. They also state that the latest departure in the company by Bob Muglia, President of the Server & Tools division, following the departures of Ray Ozzie, Stephen Elop, and Robbie Bach in recent months, hints to the firm that Azure traction may be less than expected.

For more ratings news on Microsoft click here and for the rating history of Microsoft click here.

Shares of Microsoft closed at $28.11 yesterday.

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