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Technology Stocks : Microsoft Corp. - Moderated (MSFT)
MSFT 95.000.0%Apr 20 8:00 PM EDTNews

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From: Don Green12/8/2017 2:43:27 PM
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Evercore raises Microsoft price target, sees $1T valuation by FY21

Dec. 8, 2017 2:10 PM ET|About: Microsoft Corporation (MSFT)|By: Brandy Betz,
Evercore ISI analysts think Microsoft (NASDAQ: MSFT) can hit a $1T market cap by 2020.

The analysts cite Microsoft 365 products as a growth driver and expect the business to generate $26.86B in sales in FY21, which starts in the second half of 2020.

Over $5B of that revenue will come from Office 365’s consumer business.

The analysts also expect Microsoft’s Azure cloud business to continue growing to FY21 sales of $22.19B.

Price target raises from $93 to $106.
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