S&P 500 advances on rising energy stocks; Inflation data eyed
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'Microsoft's stock has been on a tear', raised to $315 at Wedbush
April 12, 2023 9:03 AM EDTWedbush reiterated an Outperform rating on Microsoft (NASDAQ: MSFT) and raised their price target on the stock to $315.00 (From $290.00) following positive Azure checks on Redmond in the field.
Microsoft remains firmly on the Wedbush Best Ideas List following recent checks in the field. The checks have been positive around overall cloud deal flow and momentum for Redmond in the March quarter, despite Street fears with Wedbushs analysis that Nadella & Co. should be able to at least hit the low 30% Azure growth for the quarter.
Analyst Daniel Ives wrote... More
