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Strategies & Market Trends : stocks for medium & long-term hold durations
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To: rimshot who wrote (64)10/27/2021 8:45:49 PM
From: rimshot1 Recommendation

Recommended By
Lou Weed

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MSFT - in article at Yahoo Finance today, a Wedbush analyst believes
Microsoft has a date with stock price at $400 per share

finance.yahoo.com

excerpt -

“I think this is just more fuel in the engine to drive this stock higher,” Wedbush analyst Dan Ives
told Yahoo Finance Live.'

“It just shows [Microsoft CEO Satya Nadella] in this cloud arms race is continuing to gain share.”
According to Ives, Microsoft, which has seen its stock jump 39% year-to-date to $310.11
a share as of Tuesday, is set to cross the $400 threshold.

The corporate cloud is still in its early days, and spending is expected to continue
to increase as more firms ditch their own on-premises servers and rent out cloud computing
capabilities.
And the increased move to remote work has only added to that.
What’s more, Ives doesn’t believe that a return to office work for employees will hurt Microsoft’s cloud business, either.
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