Credit Suisse raised its target for Microsoft's stock after a survey of executives suggests a 'strong 2020' for the technology giant.
shares after the firm's survey of executives suggests a "strong 2020" for the technology giant, especially in the realm of cloud computing services.
Microsoft's Azure was the top pick among information technology companies looking to spend more on a cloud service, according to Credit Suisse's survey of chief information officers . "Our analysis suggests Microsoft can reasonably achieve Commercial Cloud revenues of $100 Billion" by fiscal year 2024, Credit Suisse analyst Brad Zelnick said in a note to investors.
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