Barron's predicts that Microsoft shares could rise 30% in the next 18 months
Business Insider/Julie Bort
With Microsoft trading around $54 per share, as of market close on Friday, that would mean that the tech giant would hit around $70 per share by mid-2017.Barron's points out, correctly, that while the Microsoft Azure cloud business is growing, it's still lagging behind Amazon's $7 billion Amazon Web Services giant.
Plus, under CEO Satya Nadella, Microsoft has done a good job broadening out its Microsoft Office business, using the Office 365 cloud productivity suite to reach customers on non-Microsoft platforms like the Mac, iPhone, and Android.All of which is good, because it provides some much-needed diversification of business for Microsoft, amid a shrinking PC industry. It gives the company some runway and some paths to growth, even as the traditional Windows and Office software businesses decline.
Of course, Barron's has something of a mixed track record when it comes to making calls on Microsoft stock, and investors don't seem to be taking its latest prediction as gospel: Microsoft shares remained pretty stable at $54.81 when the markets opened on Monday.
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