Cloud business boosts Microsoft's quarterly revenue, shares rise
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Microsoft (MSFT) PT Raised to $62 at UBS Following Resilient Q4
July 20, 2016 8:43 AM EDTUBS analyst Brent Thill reiterated a Buy rating and lifted his price target on Microsoft (NASDAQ: MSFT) to $62.00 (from $59.00) following better-than-expected Q4 results.
Thill commented, "Our 'grind higher' thesis remains intact as, after a tough FQ3, MSFT delivered a bounceback Q4, with total revenue $400M above Street ($22.6Bn, +5% CC), strong EPS upside boosted by a favourable tax rate ($0.69 vs. Street... More
Nomura Securities Reiterates Buy on Microsoft (MSFT) Following Solid 4Q
July 20, 2016 7:46 AM EDTNomura Securities reiterated a Buy rating and $65.00 price target on Microsoft (NASDAQ: MSFT) following the company's 4Q earnings report. Both revenues and EPS beat expectations. Microsoft guided to 1Q17 non-GAAP revenues of $21.2-21.9bn, below Street estimates at $22.2bn.
Analyst Frederick Grieb commented,... More
