Next stop for Microsoft: $1 trillion?

Don't count out Microsoft in the race to $1 trillion.Apple, the most valuable company in America, is already v...

Posted: Mar 27, 2018 7:46 AM
Updated: Mar 27, 2018 7:46 AM

Don't count out Microsoft in the race to $1 trillion.

Apple, the most valuable company in America, is already valued at about $850 billion. Amazon and the parent company of Google are each above $700 billion.

So is Microsoft. And analysts at Morgan Stanley say the company could hit $1 trillion in market value within a year.

Morgan Stanley's new price target for Microsoft is $130 a share. That would be 45% higher than where the stock closed on Friday and enough to clear the trillion mark.

Microsoft stock soared almost 7% Monday because of the Morgan Stanley report. That helped push the Dow to a gain of more than 400 points.

The Morgan Stanley analysts are incredibly bullish on Microsoft's cloud computing units, such as the Office 365 software suite and the Azure hosting business.

Related: Amazon tops Google as second most valuable company

Amazon and Google are also big players in the cloud market. IBM, Salesforce, Cisco, Adobe and Oracle made big bets on it, too.

But Microsoft has been one of the biggest beneficiaries of the cloud revolution ever since it replaced former CEO Steve Ballmer with the company's cloud guru, Satya Nadella.

The Morgan Stanley analysts, citing results of a recent survey of chief information officers, found that big companies expected to shift more of their tech budgets to cloud services from Microsoft, Amazon and Cisco in particular over the next few years.

Microsoft still has many other business lines, of course. It owns the Xbox gaming hardware and software. And it recently made a big splurge on social networking by purchasing LinkedIn.

But Wall Street thinks Nadella's big push into the cloud is what will keep Microsoft's sales and profit growing at a nearly 10% clip for the next few years.

And Morgan Stanley isn't the only investment bank predicting that Microsoft is on the verge of a $1 trillion market valuation, either. An analyst at Evercore ISI made that call last December, also citing the company's cloud strength.

West Lafayette
Clear
72° wxIcon
Hi: 81° Lo: 56°
Feels Like: 72°
Kokomo
Clear
67° wxIcon
Hi: 79° Lo: 54°
Feels Like: 67°
Rensselaer
Clear
68° wxIcon
Hi: 80° Lo: 55°
Feels Like: 68°
Fowler
Clear
68° wxIcon
Hi: 79° Lo: 56°
Feels Like: 68°
Williamsport
Clear
68° wxIcon
Hi: 80° Lo: 56°
Feels Like: 68°
Crawfordsville
Clear
66° wxIcon
Hi: 79° Lo: 57°
Feels Like: 66°
Frankfort
Clear
65° wxIcon
Hi: 79° Lo: 55°
Feels Like: 65°
Delphi
Clear
69° wxIcon
Hi: 81° Lo: 54°
Feels Like: 69°
Monticello
Clear
69° wxIcon
Hi: 81° Lo: 54°
Feels Like: 69°
Logansport
Clear
70° wxIcon
Hi: 78° Lo: 52°
Feels Like: 70°
Hotter & turning much more humid for the weekend.
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 71015

Reported Deaths: 3013
CountyConfirmedDeaths
Marion15322723
Lake7343274
Elkhart471380
Allen3725160
St. Joseph330179
Hamilton2610104
Vanderburgh184213
Hendricks1814106
Cass17669
Johnson1694118
Porter123839
Clark114846
Tippecanoe114611
Madison89565
LaPorte86930
Howard85565
Kosciusko82712
Marshall75822
Bartholomew75447
Floyd74045
Monroe70830
Delaware68052
Dubois65812
Boone65346
Noble64529
Hancock63838
Jackson5625
LaGrange55410
Warrick55330
Vigo54310
Shelby53527
Grant52029
Dearborn47928
Morgan45134
Clinton4043
Henry36919
White35110
Montgomery34621
Wayne34610
Lawrence33727
Decatur32432
Harrison30923
Putnam2778
Miami2642
Daviess25920
Scott25710
Greene24134
Franklin23413
DeKalb2234
Jasper2192
Jennings21512
Gibson2084
Steuben2043
Ripley1947
Perry17912
Fayette1777
Starke1747
Orange16624
Posey1650
Wabash1613
Fulton1592
Carroll1572
Wells1542
Jefferson1532
Whitley1476
Knox1420
Tipton1296
Huntington1213
Washington1211
Spencer1193
Newton11410
Randolph1144
Clay1045
Sullivan911
Adams892
Jay840
Owen831
Pulaski751
Brown711
Rush714
Fountain642
Benton600
Blackford592
Ohio574
Pike520
Parke501
Vermillion480
Crawford440
Switzerland440
Martin420
Union350
Warren201
Unassigned0202

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events