Yahoo Finance Live’s Brian Sozzi joins the Live show to discuss a Raymond James analyst’s Outperform rating on Microsoft.
BRIAN SOZZI: A bull on Wall Street from Microsoft. Shares are in focus today after Raymond James analyst Andrew Marok said the company is better suited than its competitors to endure difficult times. Now has resumed coverage of the stock with an outperform rating and $300 price target, noting that Microsoft retains a strong position in gaming and digital advertising.
Shares of the tech giant have sold off sharply this year. The stock has plummeted more than 29%. We should also mention we'll be speaking with Microsoft CEO Satya Nadella at Yahoo Finance's All Markets Summit on October 17, a big event you do not want to miss. We won't miss it because we'll be doing the interviews, right, Brad?
BRAD SMITH: We will be. Some good conversations.