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Microsoft will ride artificial intelligence, cloud computing to higher share price

Microsoft will ride artificial intelligence, cloud computing to higher share price, Morgan Stanley says

  • Morgan Stanley raised its target price to $ 80 Microsoft from $ 72, saying that the company will release its results above expectations next year.
  • The company also reaffirmed its overweight rate in the technology giant, called Microsoft Azure as a “public cloud victory.”

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It is not only Amazon that make money with cloud computing and artificial intelligence, according to Wall Street.

Morgan Stanley believes that the owner of Azure Microsoft will grow with them the hot technological trends.

The company has reiterated its overweight rate in Microsoft shares, provided the company will release earnings forecasts prior to next year due to the demand for cloud computing.

The “leading Microsoft Azure line drivers include (Microsoft appears as the public cloud winner), the data center (exchange of positive results and price changes) and O365 [Office 365] (core growth and price increase For users), “said analyst Keith Weiss in a note to customers on Monday.

“With a secular positioning portfolio and stronger rationalization of underperforming solutions, Microsoft will again see double-digit growth sustained in EPS, and investors must be prepared to pay a higher multiple for this growth,” he said. added.

Weiss Microsoft increased its target price to $ 80 from $ 72, a 14% increase over the closing price on Friday.

The analyst cited as the growing trend of machine learning would create a demand for services in the Azure cloud for the company and could reach 110 billion Microsoft market value.

As a result, Weiss estimates that Microsoft will generate earnings per share in 2018 of $ 3.45 per share, compared to a Wall Street consensus of $ 3.32.

“Microsoft Windows 10 will provide a better story on shelves, a new stage of rapid growth and PPAR downstream. In synergy with the surface, Xbox and the aircraft’s ecosystem, “he wrote

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