Mubasher TV
Contact Us Advertising   العربية

Microsoft could be worth $1 tr by 2020

Microsoft could be worth $1 tr by 2020
This would need a nearly 55% in the company’s stock price

Mubasher: Microsoft could be worth $1 trillion by 2020, according to a Wall Street analyst.

Kirk Materne of Evercore ISI predicts that Microsoft can hit the trillion dollar mark thanks to strong growth in its Azure cloud business and Office 365 suite of business software, CNN Money reported on Monday.

The tech giant is currently worth a little more than $650 billion.

Materne’s predictions mean that the company’s stock would need to surge by nearly 55% from current levels.

This does not seem very far-fetched, as the shares of Microsoft gained more than 35% in 2017 only.