Piper Jaffray Reiterates Overweight Rating on Microsoft (MSFT)
Piper Jaffray reiterated an Overweight rating and $115.00 price target on Microsoft (NASDAQ: MSFT) following first full year of coverage.
With Azure revenues still growing close to triple digits, checks suggesting that the company‘s pipeline of Office 365 remain robust while higher level SKUs are just starting to resonate and better-than-expected staying power of Windows, Piper Jaffray believes that their investment thesis is resonating.
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Shares of Microsoft closed at $88.19 yesterday.