On Sunday, a Nomura analyst Christopher Eberle boosted his price prediction for Microsoft (MSFT) stock from $131 to $161 by $30. The average price set among wall-street analysts is around $146.
“Material upside to numbers appears likely to be less in fiscal 2019 than in years past, but we believe Microsoft’s best-in-class management team will continue to execute as it has in previous years. We continue to believe Microsoft’s positioning in enterprise software places it at the crux of driving customers’ digital transformation,” wrote Christopher.
Overall, there is an all-around bullishness towards Microsoft among specialists. More and more analysts are turning bullish towards Microsoft as the earnings results are approaching. It is expected to happen on Thursday when the market will close.
The common expected view on the results is that the earnings will come in at $1.21 per share and the revenue of about $32.75 billion. A year earlier it was $1.13 per share and $30.08
Another expert, Brad Reback, said that he expects a “relatively in-line” quarter. He predicts that the expected MSFT stock price will be around $1.20 a share and $32.69 in revenue which is slightly below the overall consensus among wall street analysts.
“Microsoft continues to benefit from its strong positioning across major secular [computing] themes,” writes Reback. “This, coupled with a favorable IT environment, strong execution, and expense discipline, should enable continued operating profit and free cash flow generation in coming quarters.”
Microsoft Teams Has 13 Million Active Monthly Users
A large role in the expert predictions on Microsoft stock price could be the fact that recently Microsoft revealed their statistics on monthly and weekly user count. Previously they hadn’t disclosed this information. They only shared that they have 500,000 organizations using their services two years after the launch. Teams launched only in March 2017, and now they have 19 million weekly active users and is competing with Google’s Hangouts, Facebook’s Workplace, and Slack.
This comes as Microsoft also announced new features for the Teams application, especially targeting health care organizations. For quite a while, Microsoft had called their chat app the fastest-growing business app ever, but they hadn’t yet revealed the exact numbers up until now.
Google’s Hangouts was launched in February 2018, at a time when 4 million businesses paid for G suite, but Google hasn’t yet disclosed how many organizations use it. However, Facebook Workplace passed 2 million paid users back in February.