Microsoft Showing DJIA's Second-Largest Gains Friday

Date : 07/19/2019 @ 4:22PM
Source : Dow Jones News
Stock : Microsoft Corporation (MSFT)
Quote : 136.8333  0.5033 (0.37%) @ 4:18PM

Microsoft Showing DJIA's Second-Largest Gains Friday

Microsoft (NASDAQ:MSFT)
Historical Stock Chart

2 Months : From Jul 2019 to Sep 2019

Click Here for more Microsoft Charts.

By Dave Sebastian


Microsoft Corp.'s (MSFT) shares rose 2% in trading Friday after it posted record revenue in the latest quarter and profit that topped expectations.

The technology company had the second-most gains, after Boeing Co. (BA), in the Dow Jones Industrial Average on Friday morning.

Analysts also raised Microsoft's price target. Citigroup Inc. (C) raised its per-share target to $152 a share from $147 a share. BMO Capital Markets raised the per-share target to $160 from $153. Canaccord Genuity Group Inc. (CF.T) raised its per-share target from $145 to $155.

Shares on Friday were trading at $138.76. The stock is up nearly 37% so far this year.

Driving Microsoft's revenue growth were its Azure, Office 365, Gaming and Marketing divisions, as well as legacy products such as on-premise Office software and Windows, Canaccord analysts said in a note.

"Consistent growth in these businesses was not something that we expected a few years ago," the analysts said, adding, "The point is that we do not see some sort of cliff event in which Microsoft's legacy business rolls over hard, and like the large majority of people who follow this company, we are in the consensus that the growth drivers will continue to deliver 20%+ growth for about half of the business."


Write to Dave Sebastian at


(END) Dow Jones Newswires

July 19, 2019 11:07 ET (15:07 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest MSFT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.