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The Cloud Crowd: How Microsoft and Peers Plan to Stand Out

PART:
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Part 14
The Cloud Crowd: How Microsoft and Peers Plan to Stand Out PART 14 OF 14

What Analysts Recommend for Microsoft Stock

Wall Street analysts’ views on Microsoft stock

In this series, we’ve looked at Microsoft’s (MSFT) and peers’ strategies to compete in the cloud space. Although Amazon (AMZN) leads the cloud space, Microsoft poses stiff competition and now leads the enterprise SaaS (software-as-a-service) space. IBM (IBM) leads the hybrid cloud space, and Oracle (ORCL) has joined the league of cloud players.

What Analysts Recommend for Microsoft Stock

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Of the 34 analysts covering Microsoft stock, 50% issued a “buy” recommendation on March 29, 2017, and 50% issued a “hold.” There were no “sell” recommendations, as the above chart shows. Citigroup upgraded its rating for Microsoft from “sell” to “neutral,” and gave a price target of $65.

Stifel reiterated the stock’s “buy” rating and raised its price target from $66 to $68. The median target price set by analysts for Microsoft was $69.42 on April 11, 2017. Microsoft’s closing price was $65.40 that day.

Microsoft’s price performance

Microsoft’s stock performance has been mildly negative in the past month. On April 11, 2017, the stock had risen ~0.56% in the previous month. However, in the past year, it had risen ~20.4%. Microsoft’s initiatives in the cloud, combined with its improved performance, boosted its stock in 2016. For diversified exposure to select US software companies, you could consider investing in the SPDR S&P 500 ETF (SPY) (SPX), which has an 8.0% exposure to the application software industry.

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