Microsoft Earnings Preview With Jim Cramer

Katherine Ross

Microsoft is set to report earnings on July 22. 

On July 9, Wedbush gave Microsoft a price target boost.

Wedbush analyst Dan Ives maintained his outperform rating on the stock, which has been in place prior to the group's third-quarter earnings back in April but boosted his price target by $40 to $260 per share, the highest on Wall Street. In a separate note published Thursday, Morgan Stanley analysts lifted their price target for Microsoft by $32 to $230 per share. 

More: What to Watch in Microsoft Earnings 

"In many cases we are seeing enterprises accelerate their digital transformation and cloud strategy with Microsoft by six to twelve months as the prospects of a heavy remote workforce for the foreseeable future now looks in the cards with this COVID-19 backdrop," Ives wrote.

 Jim Cramer's Action Alerts PLUS portfolio owns Microsoft. 

In their weekly roundup from last week, portfolio analysts Zev Fima and Jeff Marks wrote, "We believe the cloud to be a secular growth trend and that upside to shares will result from Microsoft's hybrid cloud leadership as the company grab's market in this expanding industry. While companies may look to build out multi-cloud environments, Microsoft's Azure offering will be a prime choice thanks to the company's decision to provide the same "stack" used in the public cloud, to companies for their on-premise data centers. Additionally, we would note that hybrid environments are currently the preference for most companies because it allows them to maintain critical data in house while taking advantage of the agility and scalability provided by public clouds."

So, what does Jim Cramer think ahead of earnings?

Watch the video above for more.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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