After recently meeting with investors and investor relations, analysts continue to believe that the tech giant is a compelling investment, reiterating their "outperform" rating on the stock with a $61 price target.
In particular, the firm believes commercial cloud growth can boost earnings in the future.
Additioanlly, the company is partnering up with Facebook (FB) to build a new fiber optic cable under the Atlantic Ocean. This is part of a big project called Marea, which will allow Web companies to gain more control over their data, according to the Wall Street Journal.
The new cable will help to lower costs, accelerate bandwidth rates and accommodate the explosion of data globally.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B+.
The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: MSFT