Microsoft (MSFT) PT Raised to $60 at Credit Suisse

Credit Suisse analyst P. Winslow reiterated an Outperform rating and boosted its price target on Microsoft (NASDAQ: MSFT) to $60.00 (from $55.00).

Winslow commented, "Microsoft reported FQ1 results of EPS of $0.67 and $21.660 billion in revenue versus consensus of $0.59 and $21.028 billion, respectively. Although management guided FQ2 revenue and OPEX in line with and COGS above consensus, the company also decreased FY2016 OPEX guidance to $31.9-32.1 billion from $32.1-32.4 billion. We believe that management's lowered OPEX guidance could prove conservative. We are adjusting our FY2016 revenue to $92.805 billion from $92.891 billion and our EPS to $2.88 from $2.72. We reiterate our Outperform rating and raise our target price from $55 to $60."

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 $48.03 yesterday.

You May Also Be Interested In

• Incyte (INCY) PT Raised to $105 at Truist Securities
• Regenxbio Inc. (RGNX) PT Raised to $32 at Baird
• Definium Therapeutics Inc (DFTX) PT Raised to $60 at Oppenheimer