Market analyst: Two thumbs up for Microsoft stock
- TAGS:Google, Microsoft, stock
- IT TOPICS:Applications, Cloud Computing, Desktop Apps, E-Business, Enterprise Apps, Internet, Operating Systems, Windows
Microsoft may have endured its worst financial year in history in 2009, but at least one financial analyst sees rosy times ahead for the company's stock, just as it closes at nearly its high for the year.
Yesterday, Microsoft stock reached its 52-week high at $31.29, and at the same time Thomas Weisel analyst Tim Klasell upped the price he expected the stock to be selling for in a year to $35. According to SmartMoney, "Klassel says Microsoft could record revenue of $60.3 billion in 2010, up from his previous estimate of $59.1 billion and slightly better than the consensus of $60 billion."
Given all the kudos that goes to Google these days, it's easy to forget that Microsoft's revenue is still more than double that of Google's --- Google had just under $17 billion of revenue for the first three quarters of 2009, versus more than $39.5 billion for Microsoft. (The companies are on different fiscal years, so I compared calendar quarters.)
The upshot of all this? Microsoft is far from a has-been, despite the Google threat.
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