3 Catalysts for Microsoft Stock in 2021
Microsoft (NASDAQ: MSFT) was once considered a slow-growth tech stock. But over the past five years, its stock nearly quadrupled as CEO Satya Nadella's "mobile first, cloud first" strategy paid off.
Microsoft's business also remained resilient through the pandemic this year, as the growth of its cloud, gaming, and consumer-oriented businesses -- which all benefited from remote work and stay-at-home measures -- offset the weaker growth of its enterprise-facing ones.
Investors might be tempted to take some profits after that multi-year rally since Microsoft's stock now looks historically expensive at 33 times forward earnings. But before cashing out, investors should realize that three catalysts could still generate fresh growth next year.
Source Fool.com
