Microsoft shares price expected to reach $100 in 2018

An investment company Trefis set up a price target for the shares of a technology powerhouse Microsoft to $87, an $11 increase from $66. Trefis also expressed its optimism about Bill Gates-backed company, saying that the latter’s margin will rise because of the company’s Cloud’s transformation.

Microsoft ’s PC business is also showing positive performance. According to IDC report, PC sales rose by 0.6 percent year over year in the first four months period in 2017. The figure was the first ever quarterly growth since the first quarter of 2012. .

Microsoft stock increases by 4.7 percent year-to-date. Also, the company’s shares has jumped 25 percent over the last six months, thanks to President Trump’s new tax policy which will enable giants corporations to repatriate their cash. .

It is estimated that Microsoft has $130 billion worldwide.

The power of Microsoft ’s cloud computing sector

Trefis is not the only one that forecasts an increase in Microsoft ’s shares price. Oppenheimer analyst Timothy Horan also raised a price target for the company’s stock from $100 to $115, thanks to the Cloud business’s growth. .

According to Horan, cloud business now contributes to one-third of Microsoft ’s revenue. This sector’s revenue is increasing by 38 percent year over year. Horan praised Microsoft ’s innovative cloud computing with added value highly appreciated by customers. Furthermore, Horan is optimistic that Microsoft ’s cloud revenue can hit $35 billion. .

The rising numbers of start-ups worldwide help to boost Microsoft ’s cloud business. The company’s growth in India, for example, is driven by the country’s growing numbers of small and medium business enterprises. .

Microsoft is planning to include a new feature to be added in its OneDrive for business cloud-storage service in late January. This feature will allow us to restore all the files saved even if files get infected or corrupted.

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