New Delhi March 27 (IANS) Analysts from financial services firm Morgan Stanley have predicted that Microsoft will reach $1 trillion in market value within a year.
In a new report to investors late on Monday the firm put a 12-month price target of $130 on Microsoft s stock up from $94 per share.
According to technology website Geekwire shares of Microsoft rose more than seven per cent on Monday.
The prediction came after several other analysts have said that either Apple Alphabet (Google s parent organisation) or Amazon could become the first $1 trillion tech giant.
Microsoft is currently valued at $722 billion Apple is valued at $876 billion Amazon at $753 billion and Alphabet at $731 billion.
Analysts said that "strong positioning for ramping public Cloud adoption large distribution channels and installed customer base and improving margins" would help Microsoft make a company reach $1 trillion in market value.
They also noted that Microsoft "is well positioned to benefit from strong cloud spend".
"A Public Cloud solution spanning from core infrastructure services (compute storage) to compelling Platform-as-a-Service (PaaS) capabilities (data identity analytics machine learning) and up the stack to the application layer (productivity apps front office apps core financials) differentiates the Microsoft Public Cloud offering from Cloud giants Amazon and Google " the analysts said in the report.
"However it is the combination of these Public Cloud assets with pre-existing enterprise assets including a large existing customer base expansive direct and indirect distribution channel over 6+ million .Net developers and a suite of strong on-premise technology that likely drives continuing share gains over the next three years " the report added.
In August last year some analysts said Apple iPhone 8 and iPhone X could make the Cupertino-based giant the first company to reach and sustain a $1 trillion market cap.
--IANS
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