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Argus upgrades Microsoft on cloud, Office 365 potential

Published 10/31/2017, 02:51 PM
© Reuters.  Argus upgrades Microsoft on cloud, Office 365 potential
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  • Argus upgrades Microsoft (NASDAQ:MSFT) from Hold to Buy with a $95 price target.
  • Analyst Joseph Bonner cites growths in Azure cloud services, Dynamics CRM, and Office CRM as the man tailwinds that position the company to continue its run.
  • In last week’s Q1 results, Microsoft announced it already passed its $20B commercial cloud ARR goal for the year. Dynamics 365 grew 69% in the quarter and Office 365 commercial sales were up 42%.
  • Microsoft shares are down 0.65%.
  • Previously: Microsoft up after Q1 beats, achieves $20B Cloud goal (Oct. 26)
  • Previously: Analysts raise Microsoft price targets after earnings (Oct. 27)
  • Now read: Microsoft: The Case For Trillion


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