Technology

Why Oppenheimer Sees Big Upside in Microsoft Now

Chris Lange

Published: March 17, 2016 9:55 am

Last Updated: January 13, 2020 11:50 am

As communications and cloud services continue to converge, one key analyst firm believes the Microsoft Corp. (NASDAQ: MSFT) vision of a mobile first, cloud world. According to the firm, the company is putting the right strategy in place to be at the forefront of the next generation of computing and to defend and grow market share.

Instead of fighting the inevitable shift to the cloud, Microsoft is fully embracing it, enabling enterprise adoption of a fully integrated hybrid stack (IaaS/PaaS/SaaS) and using the power of the cloud to introduce an overall better operating system (for both developers/customers) that works across all Windows devices.

Oppenheimer is assuming coverage of Microsoft with an Outperform rating and a $62 price target. Ultimately, the firm believes Microsoft will be successful in driving the only true unified hybrid cloud platform.

In the report, Oppenheimer detailed:

Microsoft’s goal is to transform both its enterprise/consumer offerings from where its customer base needed to use it to them choosing to use it and loving to use it. While execution is the biggest risk, a seamless, integrated cloud offering, combined with a unified development platform across devices is the right strategy for the future, in our opinion.

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