Friday, October 21, 2016

Microsoft Trades at Dot Com Bubble Levels - All Time Highs

This is a very good thing for the NASDAQ and overall markets. The last time Softee was at these levels was the peak of my trading career at the end of the gogo 90's. I own a Surface Pro and will definitely be looking forward to the launch of the PRO 5. Their earnings had a size-able beat due to the continued loyalty by big business to their office suite, and developing cloud business.

Pre market range $60.11 to 60.48. Last night ALL TIME HIGHS of $60.75 look to be taken

Disclosure: Long $MSFT

Analyst Action:

Microsoft results point to 'successful' mobile cloud strategy, says Oppenheimer 

Following another "strong" quarter, Oppenheimer analyst Timothy Horan says Microsoft's results point to a "successful" mobile cloud strategy which is set to overlay artificial intelligence and may become a dominant full service cloud/communication service for enterprises. Further, the analyst believes multiple recent partnerships and customer wins as well as the pending release of SQL for Linux in the cloud should help drive solid growth over the next few years. He reiterates an Outperform rating and $62 price target on the shares.

Microsoft upgraded to Outperform from Market Perform at William Blair 

William Blair analyst Jason Ader upgraded Microsoft to Outperform from Market Perform citing increasing confidence in the company's long-term position in the cloud. Microsoft reported last night "another strong quarter," Ader tells investors in a research note.

Microsoft price target raised to $65 from $60 at Barclays

Barclays analyst Raimo Lenschow said Microsoft's earnings visibility is clear with its ongoing cloud revenue growth and improving gross margins in the cloud. He continues to believe Microsoft is well positioned and raised his price target to $65 from $60 and reiterated his Overweight rating.

Microsoft price target raised to $70 from $65 at Deutsche Bank

Deutsche Bank analyst Karl Keirstead raised his price target for Microsoft to $70 saying the company reported "very strong" Q1 results. Microsoft beat on both revenue and adjusted earnings for the second quarter in a row, with the Cloud story the "star," Keirstead tells investors in a post-earnings research note. The analyst keeps a Buy rating on the shares.

Microsoft shares remain 'grossly overvalued,' says Jefferies 

Jefferies analyst John DiFucci says that while Microsoft's Q1 results exceeded expectations, its business momentum was "okay at best." It is "too early to claim success in transforming the business," DiFucci tells investors in a post-earnings research note. He believes the stock remains "grossly overvalued" and keeps an Underperform rating on Microsoft. The analyst upped his price target for the shares to $43 from $40.

Microsoft making all the right strategic moves, says UBS  

UBS analyst Brent Thill noted Microsoft reported better than expected Q1 results, which he says as proving the company's transition to the cloud is delivering some big benefits. The analyst said Microsoft is making all of the right strategic moves and that the shares look compelling. Thill reiterated his Buy rating and raised his price target to $66 from $64 on Microsoft shares.

Microsoft upgraded to Buy with $70 target at Wunderlich  

Wunderlich analyst Ryan Macdonald upgraded Microsoft to Buy from Hold and raised his price target for the shares to $70 from $60 following the company's Q1 results. The "best is yet to come" for Microsoft as its cloud transition should drive reaccelerate revenue growth and expand margins, Macdonald tells investors in a research note. The also expects the integration of LinkedIn to enhance the value proposition of Microsoft's platform including Azure. William Blair also upgraded Microsoft post-earnings.

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