Microsoft Could Be a $2 Trillion Company. Analyst Sees Gains From Cloud Business.

Microsoft stock has climbed more than 15% in 2020 as the company has avoided much impact from Covid-19. Yet Wells Fargo argues that the shares have more room to run—and that the tech giant’s market capitalization could grow to more than $2 trillion on the strength of its Azure cloud-computing business.

Analyst Philip Winslow reiterated an Outperform rating on Microsoft Tuesday, while boosting his target for the stock price to $250 from $205, based on the strength of the company’s cloud offerings.

Read More: Barrons.com

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