"It's going higher; this is a $75 stock," Ritholtz Wealth Management CEO Josh Brown said. "There are no sellers in this name. This is a stock that spent 10 years essentially doing nothing, made some big management changes and all of a sudden earnings growth is re-accelerating."
Microsoft has also "abandoned" a lot of the initiatives from its past that weren't working, he noted. "When you look at where the earnings growth is coming from, these are all areas of the market where there could be a decade worth of growth."
Brown contended Microsoft is primed to break out again.
"They have got the best CEO there is, Satya Nadella," Najarian Family and Advisors Office co-founder Pete Najarian said. "What was the new strategy he came in with? We are turning this into the cloud, that is where their transformation process is going."
That strategy, he argued, is the reason why Microsoft will continue to accelerate growth. Furthermore, the company will continue to find new areas development as well.
"Look out for them in security, that is a major area of growth for Microsoft," Najarian said.
Microsoft will report its earnings results after the market close on Thursday.