Microsoft Corporation | $MSFT Stock | Shares Rise After Morgan Stanley Prediction

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Microsoft

Microsoft Corporation (NASDAQ: MSFT)

 

Shares of Microsoft rose climbed more than 7% on Monday, after Morgan Stanley analysts gave a prediction that the tech giant would hit a market capitalization of $1 trillion within the next twelve months.

The analysts made the case that there was a high possibility for them to become the first American company to reach the $1 trillion valuation. On Monday, shares of  $MSFT reached a high of $93, giving the company a market valuation of $710 billion.

MSFT Earnings & Outlook

Microsoft

In order for the software giant to get to the $1 trillion mark, its shares would have trade at around $130, according to the analysts. A detailed report by Morgan Stanley titled “Plotting the Path to $1 Trillion,” Microsoft is in a position to achieve the mark in the next three years. The analysts cited the company’s Public Cloud adoption, which is expected to grow from the modern workloads of 21%, to 44% within the next three years.

According to them, the company looks prepared to maintain its dominance in the public cloud market where they expect its size to double by more than $250 billion dollars. Morgan Stanley expects $3.65 adjusted earnings per share from Microsoft in the current fiscal year, that is will come to a close in June.

Microsoft Corporation Company Profile

Microsoft Corp. is a technology company based in Redmond, Washington. It was founded in 1975 and engages in the development, licensing, and support of software services, devices and products in many countries around the world.

Through its division of Productivity and Business Processes the company provides Office 365 consumer services, including OneDrive, Outlook.com, and Skype; Dynamics business solutions like customer relationship management, financial management, supply chain management, enterprise resource planning, and mid-size and small businesses analytics applications.

Its services and products for businesses, include Skype, Office, SharePoint, Client Access Licenses, and Exchange. The company also offers Office 365 consumer services, and they include OneDrive, Skype, and Outlook.com. The company also has an Intelligent Cloud segment that licenses cloud services and server products, such as Windows Server, System Center, Visual Studio, and Microsoft SQL Server.

Microsoft also has a gaming platform that includes Xbox Live, Xbox hardware, and video games. Marketing and distribution of its products is done through original manufacturers, resellers and distributors as well as through Microsoft retail and online stores. Microsoft’s main competition comes from Google, Amazon, Nintendo, Activision Blizzard, Sony Facebook, Electronic Arts, Apple, Hewlett-Packard, Linux, IBM, Adobe, Oracle, Apache, Red Hat, PHP, and CA Technologies. –Reuters

 

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