Microsoft (MSFT) In A Holding Pattern, Reit Overweight At JPMorgan

January 31, 2019 7:26 AM EST
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Price: $289.67 +1.23%

Rating Summary:
    44 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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JPMorgan analyst, Mark Murphy, reiterated his Overweight rating on shares of Microsoft (NASDAQ: MSFT) after Azure showed no deceleration, growing 76% in the quarter despite its scale and concerns about the macroeconomic environment.

The analyst stated "Overlaying fundamental strength with numerical mechanics, we still expect MSFT shares to be in a holding pattern for a quarter or two into the headwind of very tough comps this summer, with revenue growth decelerating to ~7%, but we would look through this period for sustained share gains in a broad array of large and sticky markets". No change to the price target of $115.

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 $104.40 yesterday.

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