Microsoft shares surge after Morgan Stanley predicts it will reach $1 trillion market cap in a year
Publishing timestamp: 2018-03-26 12:43:06
Summary
Morgan Stanley analysts are betting on Microsoft to reach $1 trillion in market value thanks to cloud adoption. They expect Microsoft's dominant share of the projected $250 billion public cloud market to grow, leading to a potential $1 trillion market cap in the next 12 months. The investment bank raised its price target for Microsoft to $130, nearly 50% higher than the current stock price.
Sentiment: POSITIVE
Tickers: AMZN, MSFT, AAPL, GOOGL,
Keywords: amazon.com inc, alphabet inc, apple inc, stock markets, investment strategy, market insider, business news, markets, microsoft corp,