Dan Ives calls Microsoft ‘Scottie Scheffler of software’ before the gains – says that the giant of the cloud led by Satya Nadella shoots all the cylinders of the Boom
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Wedbush Securities analyst Dan Ives compared Microsoft Corp. (Nasdaq: MSFT) in the world n ° 1 golfer Scottie Scheffler Before leaving the results of the fourth quarter of the technology giant on Wednesday after the closing of the market.
What happened: “We are expecting more good news next week from Redmond, because Nadella & Co. will deliver another robust quarter motivated by the AI revolution,” wrote Ives on Friday. “The Scottie Scheffler of Software shoots all cylinders because this Cloud pillar is at the front and in the center as a basic foundation of the Enterprise.”
The comparison refers to the dominant performance of Scheffler in professional golf course. The 29 -year -old American held the world’s n ° 1 ranking for more than 100 weeks and won four major championships, according to the official golf ranking.
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Microsoft is negotiated at $ 510.80, analysts setting a consensual price target of $ 551.07 on the basis of 30 notes. Citigroup issued the highest lens to $ 613 while JPMorgan set the lowest with $ 475 in May.
Ives maintains an outperformance note with a price target of $ 600, the appellant “probably conservative”. He projects that Microsoft will join NVIDIA Corp. (Nasdaq: NVDA) In the market capitalization club of $ 4 billions this summer, with a potential of 5 dollars in the 18 months.
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Why it matters: The company based in Redmond faces a meticulous examination on the decisions of the workforce. vice-president Jd vance Criticized Microsoft for dismissed 9,000 American workers while increasing H-1B visa applications. CEO Satya Nadella approached the cuts in an employee service note on Thursday, saying that decisions “weigh heavily” on him.
Despite the layoffs, Microsoft expanded his AI team by hiring around 24 employees of Alphabet Inc.‘s (nasdaq: googl) (nasdaq: goog) Depth division. Ives expects more than 70% of Microsoft’s installed base to adopt AI’s features within three years, potentially adding $ 25 billion in revenue by the 2026.
