Is Microsoft Stock a Buy?
Microsoft (NASDAQ: MSFT) stock could hit $160 within 12 months -- at least according to Wedbush Securities analyst Daniel Ives. On Thursday, the analyst reaffirmed his $160 price target and an outperform rating for the stock, representing 15% upside. This would notably come on top of a 25% gain for the tech stock over the last twelve months.
Ives' bullishness for the stock focuses on the potential of the company's cloud computing business. Here's a closer look at the analyst's take on Microsoft -- and why he may be onto something.
Image source: Microsoft.
Source Fool.com
