Credit Suisse analyst Phil Winslow assumed coverage of Microsoft Corp. (NASDAQ:MSFT) with an Outperform rating and $400 price target, implying a 19 percent upside.
He forecasts Microsoft to deliver mid-to-high teens revenue growth for at least the next five years along with high-teens to +20 percent EPS and free cash flow per share growth.
He also believes these sustained growth and profitability levels are still not adequately reflected in consensus estimates or the stock’s valuation.
Price Action
MSFT shares closed at 0.11 percent at $339.12 in the premarket session on the last check Tuesday.By Anusuya Lahiri
