Wedbush analyst Daniel Ives said in a note that Microsoft Corporation’s “underlying growth story is built around the game-changing enterprise cloud transformation.”
The Microsoft Analyst
Ives has an “outperform” rating on the Satya Nadella-led company with a 12-month price target of $375.The Microsoft Thesis
Writing ahead of Microsoft’s second-quarter earnings due Tuesday, Ives said—based on Wedbush’s research—he believes the Redmond, Washington-headquartered company saw another robust performance in the December quarter.The growth was led by Microsoft’s Azure/Office 365 segments. Ives expects to see a nearly 3 percent top-line beat.
