Microsoft (MSFT) Hits $2 Trillion Market Cap
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Microsoft (MSFT) Price Target Raised to 'Street High' $325 at Wedbush as Cloud Story Is Not Slowing Down
June 23, 2021 7:35 AM EDTWedbush analyst Daniel Ives has raised the price target on Microsoft (NASDAQ: MSFT) to a 'Street High' $325.00 per share from $310.00 per share while maintaining an Outperform rating. The update comes as MSFT eclipsed $2 trillion in market cap yesterday, joining Apple.
Microsoft remains our favorite large cap cloud play and we believe the stock will start to move higher over the coming quarters as the Street further appreciates the cloud transformation story in Redmond. While many tech stocks overall are all being lumped together as part of the WFH trade, we believe the... More
