Analysts: Microsoft’s Cloud Beating Expectations and 3 Other Research Notes to Browse

Microsoft (NASDAQ:MSFT): Bernstein notes that Azure, Microsoft’s PaaS/IaaS offering, has surpassed $1 billion in revenue run rates. The firm thinks this number is significantly higher than investors original anticipations, and shows strong acceleration to the cloud. The firm has reiterated its Outperform rating, and increased its price target from $39 to $40.

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