Oppenheimer Positive on Microsoft's (MSFT) Yammer Deal
Tweet
Share
E-mailGet Alerts MSFT Hot Sheet
Price: $487.46 -1.09%
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 26 | New: 4
Rating Summary:
58 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 26 | New: 4
Join SI Premium – FREE
Oppenheimer reiterated their Outperform rating and $36 price target on Microsoft (NASDAQ: MSFT) following the acquisition of Yammer for $1.2 billion.
The firm notes the acquisition moves MSFT closer to enterprises around the world, expanding the company’s market reach, and enhancing the broader MSFT cloud service portfolio with solutions like SharePoint, Office 365, Microsoft Dynamics and Skype.
"We view this acquisition as a positive for MSFT as it enhances the company's reach into the enterprise social networking and collaboration space."
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 $29.87 yesterday.
The firm notes the acquisition moves MSFT closer to enterprises around the world, expanding the company’s market reach, and enhancing the broader MSFT cloud service portfolio with solutions like SharePoint, Office 365, Microsoft Dynamics and Skype.
"We view this acquisition as a positive for MSFT as it enhances the company's reach into the enterprise social networking and collaboration space."
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 $29.87 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft's (MSFT) AI Sales Mostly Come From Openai, Disclosures Show - Bloomberg
- Barclays says S&P 500 earnings beat expectations in 2Q26
- Freedom Broker Upgrades Danaos (DAC) to Buy
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
