Will Microsoft Be a $2 Trillion Stock?
Microsoft (NASDAQ: MSFT) is the odds-on favorite to be the first company to cross the $2 trillion market cap threshold according to Wells Fargo Securities analyst Philip Winslow, citing strong growth in Microsoft's Azure cloud computing business. He believes that the stock price will grow 55% from current levels, pushing the company's market cap to that rarified level.
"We believe the COVID-19 pandemic has created a zeitgeist moment for [cloud computing] as a whole -- changing [chief information officers'] cloud strategies forever ... from which we expect Microsoft Azure to disproportionately benefit as the enterprise cloud," Winslow wrote in a note to clients."
Image source: Getty Images.
Source Fool.com
