Jefferies raised the firm’s price target on Microsoft (MSFT) to $675 from $600 and keeps a Buy rating on the shares following the fiscal Q4 beat. The firm says Azure “delivered against a high bar” with 39% year-over-year growth. The momentum was further supported by Microsoft’s strong forward looking indicators, the analyst tells investors in a research note. Jefferies reiterates the stock as a top pick.
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