Each week, Benzinga conducts an opinion poll to find out what excites, interests or thinks traders as they manage and build their own. wallets.
We surveyed a group of over 300 investors to find out if the shares of Microsoft Corporation (NASDAQ: MSFT) will reach $ 300 by 2022.
Microsoft shares were trading at $ 212 at the time of publication on Friday, down from a 52-week low of $ 133.
Microsoft Stock Forecasts
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and its Office productivity suite.
The company is organized into three main segments: productivity and business processes (Microsoft Office, Office 365 cloud-based, Exchange, SharePoint, Skype, LinkedIn, Dynamics); intelligence cloud (Azure infrastructure and platform as a service offerings, Windows Server operating system, SQL Server); and more personal computing (Windows client, Xbox, Bing search, display advertising, Surface laptops, tablets and desktops).
Our survey found that 68% of those polled said Microsoft shares will hit $ 300 within the next year.
Many respondents highlighted the steps Microsoft is taking to improve their landscape of Software as a Service offerings for 2020 and beyond.
The SaaS market is one of the sectors that has managed to thrive during the pandemic. The increased adoption of cloud-based software by businesses during the digital transition has been a catalyst for SaaS stocks like Microsoft in 2020.
Among the company’s new SaaS offerings, on September 22, we announced that Microsoft had launched Azure communication services, comprised of cloud-based voice and video calling, chat and telephony features.
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This survey was conducted by Benzinga in December 2020 and included responses from a diverse population of adults 18 years of age or older.
Registration for the survey was completely voluntary, and no incentives were offered to potential respondents. The study reflects the results of more than 300 adults.
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