Microsoft Stock ( NASDAQ:MSFT )
Concerns about increasing interest rates, growing inflation, and a faltering global economy caused Microsoft stock to fall more than 25% in 2022.
A worldwide economic slowdown and possible recession are still widely anticipated for 2023. Still, it is not predicted to be nearly as terrible as in 2022. A minority of investors on Wall Street believe that business will improve for the software titan this year.
Microsoft ( NASDAQ:MSFT ) is expected to gain from continuing IT expenditure, according to Morgan Stanley analyst Keith Weiss, who has an overweight recommendation on the Microsoft stock and says the business is more highly regarded than it is among CIOs, according to a study conducted by the firm.
According to the poll, Microsoft is “better positioned than others” in a downturn since the company is still the leader in predicted IT budget increases owing to the migration to the cloud. The survey predicts software expenditure will climb by 3.3% in 2023. According to the study, Microsoft ( NASDAQ:MSFT ) is predicted to have a net share increase of 40% in IT wallet expenditure, much higher than Amazon’s expected share gain of 24%.
According to Weiss, Microsoft currently has a wider lead than Amazon, with 48% of CIOs anticipating Microsoft “to enjoy the highest incremental IT budget share increases over the next three years,” compared to 15% for Amazon.
Microsoft (NASDAQ: MSFT) has also made strides in other areas, including security, cloud computing, data warehousin...
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