Microsoft price target raised to $520 from $511 at Bernstein

Bernstein raised the firm’s price target on Microsoft (MSFT) to $520 from $511 and keeps an Outperform rating on the shares. The firm notes Microsoft delivered a solid quarter, beating on virtually every metric and delivering Azure growth and guide meaningfully above consensus of around 31%, while barely increasing capital expenses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on