Goldman Sachs maintains Buy on Microsoft (NASDAQ: MSFT) price target of $78.00.

Analyst Heather Bellini expects shares to rise citing growth in gross profit dollars as wells OpEx. growth which ought to be "...fueled by strong commercial cloud (primarily Office 365 commercial and Azure) revenue growth and gross margin leverage."

FY 2017 EPS estimate rises from $3.02 to $3.03, FY 2018 EPS estimate rises from $3.29 to $3.30 and FY 2019 EPS estimate rises from $3.91 to $3.92.

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 $68.94 yesterday.