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A bullish analyst has increased its price target for
Microsoft
Wall Street to a record level before the company's next quarterly financial results.
Microsoft (MSFT), up 37% in 2019 through Friday's close, rose 0.3% to 139.39 USD,
S & P 500
increased by 0.5%. Nomura analyst Christopher Eberle, which has a stock quote on shares, increased Sunday its price target from $ 30 to $ 161. The average analyst followed by FactSet is around 146 dollars.
"The numbers' advantage seems to be less important in fiscal 2019 than in the past, but we believe that Microsoft's best management team will continue to function as it did in previous years," said Eberle. . "We continue to believe that Microsoft's positioning in enterprise software places it at the center of the digital transformation of its customers."
Wall Street is generally, although not unanimously, optimistic about Microsoft. Earlier this month, Barron noted another analyst who expects improved quarterly results ahead but who is worried about longer-term actions.
Microsoft is expected to release its financial results for the fourth quarter of its fiscal year following the market close on Thursday. The consensus on Wall Street is that the profit will amount to $ 1.21 per share, with revenues of about $ 32.75 billion, according to FactSet, against $ 1.13 and $ 30.08 billion a year ago .
Eberle expects a "relatively online quarter". Sunday, Stifel analyst Brad Reback said the company could exceed its estimates, which are slightly lower than the consensus, with a profit of $ 1.20 per share and a $ 32.69 billion business figure.
"Microsoft continues to benefit from its strong positioning in major secular markets [computing] themes, "he writes. "This, coupled with a favorable IT environment, strong execution and disciplined spending, should help maintain operating earnings and free cash flow generation in the coming quarters."
Nomura has also increased its price target on
PROS Holdings
(PRO), manufacturer of price optimization software, from $ 55 to $ 77. PROS shares rose 0.6% to $ 69.03.
Send an email to David Marino-Nachison at [email protected]. Follow him to @marinonachison and follow Barron's Next to @barronsnext.
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