Microsoft’s (NASDAQ:MSFT) Intelligent Cloud Revenues have increased from around $48 billion in FY’20 to about $60 billion in FY’21. Trefis expects the number to rise to about $63 billion in FY’22 and $66 billion in FY’23.
- Microsoft Stock Topped The Expectations In Q1, What’s Next?
- Microsoft Stock To Post Mixed Results In Q1?
- Microsoft Stock Missed The Street Expectations In Q4, What’s Next?
- Microsoft Stock Has Lost 26% YTD, Is It Attractive At The Current Levels?
- Is Microsoft Stock Fairly Priced?
- After 11% Recovery In Last Five Days, Will ServiceNow’s Stock Grow Further?
We expect growth to be driven by Azure, the company’s public cloud business, as well as by higher demand for servers.
We don’t think the projected growth in the cloud business is fully priced into MSFT stock yet. We value the stock at about $323 per share, a premium of about 10% over the current market price.
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016