Goods Things are happening at Microsoft Corporation (MSFT) Nasdaq —
FedEx and Microsoft announced a multiyear collaboration on May 18 combining logistics and computing to give customers better insight on their supply chains. This partnership will give an unprecedented level of data-driven insight” for customers. Based on 23 analysts offering 12-month price targets for Microsoft in the last 3 months.
The average price target is $200.68 with a high forecast of $220.00 and a low forecast of $180.00. The average price target represents a 11.32% increase from the last price of $180.28. Source: Tip Ranks.
Satya Nadella Chief Executive Officer joined Microsoft in 1992 and has transformed some of Microsoft’s biggest product offerings.
Microsoft Cloud Strength Drives Third Quarter Results-Revenue was $35.0 billion and increased 15%.Operating income was $13.0 billion and increased 25%. Net income was $10.8 billion and increased 22%.Diluted earnings per share was $1.40 and increased 23%.
OVID-19 Impact displayed that in the third quarter of fiscal year 2020, COVID-19 had minimal net impact on the total company revenue. Microsoft returned $9.9 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2020, an increase of 33% compared to the third quarter of fiscal year 2019.
As always Microsoft is part of groundbreaking innovation across major industries. “The U.S. Centers for Disease Control and Prevention released a COVID-19 assessment bot, powered by Microsoft’s Healthcare Bot service running on Azure, to help organizations screen patients for potential infection and care options. “Source: Microsoft Press Release.
Microsoft owns LinkedIn, which Is a powerful social media platform. The stock makes a great investment for those seeking long-term gains all the way into retirement.
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