Microsoft’s Cloud-Powered Q1 Results Prompt Analysts to Lift Price Target

The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, Calif., on Oct. 19, 2018. Mike Blake/AP

Microsoft Corporation shares rallied out of the gate Wednesday following the release of its quarterly results.

Microsoft Analysts

Stifel analyst Brad Reback maintained a Buy rating and increased the price target from $325 to $380.

Bank of America (BofA) Securities Brad Sills reiterated a Buy rating and hiked the price target from $340 to $365.