The software giant ticked upwards for the fifth straight trading session on Monday. As of mid-day, shares were trading at $138.11, pushing its market cap to roughly $1.06 trillion, placing it well ahead of Amazon (AMZN) - Get Report ($940 billion) and Apple (AAPL) - Get Report ($917 billion) as the world's most valuable publicly traded company.
In a note on Monday, Oppenheimer analyst Ari H. Wald rated Microsoft stock a top buy based on its technical profile right now.
"Key positives include the stock's bullish trend, high momentum score and top-down tailwinds based on our view that the technology sector is a prime candidate to be a key driver of the S&P 500's secular advance over the coming quarters to years," Wald wrote.
Shares of Microsoft are up 35% so far this year, but many analysts see more upside to come based on steady growth in its Azure division coupled with its enterprise workflow product, Office 365, as well as its strong position in the booming games market. Microsoft's cloud gaming service, called xCloud, is expected to enter public beta in October.
In addition, Microsoft also doesn't appear to be a target of the current antitrust and privacy-related scrutiny facing other tech behemoths, namely Facebook (FB) - Get Report , Alphabet (GOOGL) - Get Report , Amazon and Apple.
Microsoft is due to report its next quarterly earnings report on July 18.
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