Microsoft's (MSFT) price target was raised to $310 from $290 by Stifel. Alex Coffey and Jenny Horne discusses MSFT as Stifel keeps its buy rating. The analyst note expects upcoming earnings to be "somewhat of a mixed bag." They note that the "biggest wild card" is where/when Azure IAAS growth rate stabilizes. Alex notes that it is possible that MSFT could go lower. He then demonstrates an example trade using MSFT. The trade type is a put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.
14 Apr 2023