NEW YORK (TheStreet) -- Microsoft (MSFT) has had its price target increased to $47.50 from $42.50, Credit Suisse said Friday. The firm said growing momentum in Office 365 uptake was a major positive in its most recent quarter.
"Transitioning Microsoft's consumer user base to Office 365 could add at least $9 billion in incremental revenue annually with virtually no incremental cost-translating into more than $0.90 in additional EPS," analysts wrote in the report.
The firm reiterated an "outperform" rating.
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TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: MSFT Ratings Report