Microsoft Price Target Raised to $40 at UBS, Five Catalysts for Potential Growth Named

UBS analyst Brent Hill raised his price target on Microsoft MSFT shares from $33 to $40 on Tuesday. The key drivers for stock price, according to Hill, were:
  • Increased visibility on earnings;
  • Increased momentum on Microsoft's cloud services;
  • Underappreciated enterprise businesses;
  • Catalysts for PC improvements; and
  • Seasonal cash flow into tech for the second half of the year.
The new $40 PT implies an approximately 13 percent further upside compared to where the stock is currently trading.
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