Scalper1 News
Microsoft (MSFT) got a pick-me-up Friday after UBS Securities raised its price target on the stock over positive expectations for the upcoming Windows 10 PC operating system. Microsoft was up nearly 1% in late afternoon trading in the stock market today, near 45. It was up as much as 1.4% earlier in the session. UBS analyst Brent Thill reiterated his buy rating on Microsoft stock and raised his price target to 52 from 50. Thill values Microsoft on a cash flow basis and says the company’s shares are trading at a 30% discount to its peers. The July 29 release of Windows 10 “represents another important step in the evolution of Microsoft’s new, more open strategy,” Thill said in a research report Thursday. “While the OS has been shrinking as a percentage of total revenue, it still makes up about 15% of Microsoft’s revenue.” Microsoft needs …. Scalper1 News
Scalper1 News