Forecast Of The Day: Microsoft’s Intelligent Cloud Revenues

by Trefis Team
+6.31%
Upside
304
Market
323
Trefis
MSFT
Microsoft
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What?

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.

Why?

We expect growth to be driven by Azure, the company’s public cloud business, as well as by higher demand for servers.

So What?

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.

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