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Microsoft Stock May Rise 10% on Strong Cloud Sales

Michael Kramer

Microsoft Corp's. ( MSFT) stock has risen by more than 50% over the past year, leaving the S&P 500 in the dust. Now analysts are looking for Microsoft to rise even higher, by as much as 10% from the current stock price of roughly $110. The software company reported better than expected quarterly results that beat analysts' estimates by nearly 5%, and revenue that came in 3% higher, driven by strong cloud growth.