Piper Sandler Sees Microsoft Poised To Cross $100B Annualized Run-Rate Benchmark

Piper Sandler  analyst Brent Bracelin maintained Microsoft Corp  (NASDAQ: MSFT ) with an Overweight  and cut the price target from $352 to $312. He saw Microsoft Cloud poised to cross over the $100 billion annualized run-rate milestone for the first time on 29% Y/Y estimated growth (~33% ex-FX).  Bracelin cut his estimates, factoring in further FX headwinds as U.S. Dollar strength continues to persist into July.  Relative to a 50% international mix, ... Full story available on Benzinga.com