Jefferies Sees Potential in Microsoft’s Power Platform

A logo sits outside the Microsoft pavilion during the second day of the Mobile World Congress 2015 at the Fira Gran Via complex in Barcelona, Spain, on March 3, 2015. (David Ramos/Getty Images)

Jefferies analyst Brent Thill notes Microsoft Corp.’s emerging Power Platform has “an outsized impact via a halo effect” on the entire Microsoft suite.

Thill describes the Power Platform as “a multi-billion dollar growth pillar” and the company’s “next growth engine.”

He sees the Power Platform’s long-term user opportunity at one billion-plus from under 20 million users.

Thill reiterated a Buy rating and $400 price target on Microsoft (36 percent upside).

By Anusuya Lahiri

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