MICROSOFT'S BOOMING CLOUD BUSINESS COULD SEND THE STOCK SOARING 15% OVER THE NEXT YEAR, RBC SAYS (MSFT)

Getty Microsoft's robust cloud Business could propel its stock 15% higher over the next year, according to RBC Capital Markets.  Between Microsoft's enterprise Azure package and Office 365, the company's products are "serving mission-critical functions" for customers, RBC said.  The firm initiated coverage of the tech giant Friday with an "outperform" rating and $160 price target, which represents a 15% premium from it close Thursd...

BusinessInsider (Date:10/18/2019 16:16) Read full article >>

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