Analysts at Cowen see further gains ahead for MSFT stock, and because of this, shares hit record levels earlier today. The stock hit $139.22 USD in early morning trade after the firm initiated coverage of Microsoft (NASDAQ:MSFT) and gave it an outperform rating and a $150 price target.
MSFT Stock Climbs FurtherCowen analysts Nick Yako and Carson Sippel said that Microsoft has growth opportunities ahead due to its Azure public cloud and productivity suite.
The pair wrote about Microsoft’s services:
“We believe MSFT’s hybrid approach will continue to resonate with customers ...
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