Microsoft (MSFT) PT Raised to $180 at RBC Capital

RBC Capital analyst Alex Zukin raised the price target on Microsoft (NASDAQ: MSFT) to $180.00 (from $163.00) while maintaining an Outperform rating.

The analyst commented, "Microsoft is scheduled to report earnings Wednesday, January 29th after market close. Our conversations lead us to believe in another strong quarter of Azure demand and a potential resurgence of Dynamics with the potential for chip supply issues to slightly dampen EPS outperformance. Increase PT from $163 to $180 (32x CY20E P/E)."

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