Following Tuesday's fourth quarter earnings, Bank of America upgraded shares of Microsoft (NASDAQ: MSFT) from Underperform to Neutral and raised the price target from $35 to $47.
Bank of America analyst Kash Rangan said that Microsoft reported better-than-expected results for the fourth quarter of 2014. He noted that he has "puzzlingly and painfully" conceded that the company's short-term stock reaction will be driven by directional comments on cost cuts, Nokia accretion in fiscal 2016 and Bing being set to break-even in fiscal 2016.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Looking ahead, Rangan is estimating EPS for 2015-2017 of $2.68, $3.12 and $3.32, respectively.
Following the post-earnings note, shares of Microsoft were trading up ~2 percent in Wednesday's pre-market.