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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Microsoft Corporation (NASDAQ: MSFT) stock is now worth $65, according to analysts at RBC Capital Markets whom believe that sales, earnings and gross profits will pivot to growth in F2H16 and increase in FY17.
"MSFT is emerging from a number of headwinds (model transition, FX and Nokia) while managing operating expenses carefully and pivoting loss making businesses to profitability (e.g. Bing). Our conviction remains high that revenue, gross profit, earnings and cash flows can pivot to growth in F2H16 and accelerate in FY17," RBC said in a note.
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The firm increased Microsoft's price target to $65 and reiterated its Outperform rating.
Related Link: FBR Increasingly Positive On Microsoft Following Windows 10 Adoption Data
RBC commented that "Microsoft Office will shift through model transition headwinds and accelerate in FY17. Price remains an important lever for growth and GMs will decline due to mix shift toward subscription but gross profit dollar growth will accelerate."
Microsoft Windows 10 has also been gaining traction. "With the news that W10 is active on 200M devices in <6 months, the company appears to be well on track achieve its 1b active w10 devices by fy18," firm noted. "bing queries per device are up 30%, suggesting monetization model is also working. this remains an area of positive optionality for our model."< p>
The company's stock is up 17.33 percent since June 2, 2015. Shares traded recently at $54.18, down 1.6 percent on the day.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.