5 Biggest Tech Companies In The World After the 2022 Stock Market Collapse

2. Microsoft Corporation (NASDAQ:MSFT)

Market Cap as of November 10: $1.70 Trillion

Microsoft Corporation (NASDAQ:MSFT) has a very strong brand name that is recognized around the world. This gives the company a significant advantage in terms of marketing and selling its products and services. The company also has a very strong financial position. The company has a large cash reserve and generates significant profits each year. This allows it to invest heavily in research and development, as well as acquire other companies. Microsoft Corporation (NASDAQ:MSFT) has free cash flows of $63.3 billion and is worth $1.70 trillion on the open market, as of November 10. The company is one of the biggest tech companies in the world.

This October, BMO Capital analyst Keith Bachman updated his price target on Microsoft Corporation (NASDAQ:MSFT) to $270 from $295 and reiterated an Outperform rating on the shares. On November 2, Macquarie analyst Sarah Hindlian-Bowler took coverage of Microsoft Corporation (NASDAQ:MSFT) with a Neutral rating and a $234 price target.

Here is what Alger Capital had to say about Microsoft Corporation (NASDAQ:MSFT) in its third-quarter 2022 investor letter:

“Microsoft Corporation (NASDAQ:MSFT) is a positive dynamic change beneficiary of corporate America’s transformative digitization. Microsoft CEO expects technology spending as a percent of gross domestic product (GDP) to jump from about 5% now to 10% in 10 years and that Microsoft will continue to capture market share within the technology sector.

Microsoft’s shares underperformed during the period because the company slightly missed analysts’ estimates. The miss was due to foreign currency headwinds, weakening small business and consumer demand, and decreasing advertising activity. However, Microsoft showed that despite consumer, advertising, and small and medium business weakness; the company’s main business, the digitization of corporate America, continues to grow. We believe the secular forces of cloud adoption (azure and office 365) remain resilient, and the company’s commercial bookings growth attest to the continued demand for digital transformation.”