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Microsoft Corporation (MSFT) Headed to the $53 Mark: Pete Najarian

Microsoft Corporation (NASDAQ:MSFT)’s performance on the cloud has been largely responsible for what has turned out to be one of the company’s best years in the wake of Satya Nadella taking over the reins. CNBC’s Pete Najarian believes the giant software company is undergoing a transformation at the back of solid leadership from the CEO.

MSFT

Microsoft Corporation (NASDAQ:MSFT) has resorted to focusing on high growth business opportunities which Najarian believes should give the stock enough Juice to surge to highs of $53 a share going forward. Since taking over, Nadella has worked to position the company as a heavyweight on the cloud while also focusing on the mobile side of the business.

“They are still enterprise but they are getting themselves away from PC, they are getting themselves away from windows and they are starting to refocus on the areas where they see all of the growth that’s why I think this company right now is trading near that $50 level which is the 52 week high, “said Mr. Najarian.

Microsoft Corporation (NASDAQ:MSFT) is also facing its own string of challenges especially on the consumer’s side of the business where the company continues to lose a lot of money at the back of acquiring Minecraft. Timothy Seymour believes Microsoft Corporation (NASDAQ:MSFT) has been an underperformer having stagnated at the $47-50 mark while other companies continue to register impressive gains.

Najarian believes some of the gains achieved this year have had to do with Microsoft allowing its products to be accessed over a number of platforms.

“I appreciate the fact that they finally are willing to have software that is going to run on other platform. That to me is really interesting because that’s not Microsoft way but with Satya Nadella that is Microsoft new way, “said Mr. Najarian

Brian Kelly, on the other hand, believes Microsoft Corporation (NASDAQ:MSFT) is at the moment expensive based on the fact that all the gains on the business have already been factored in, on the stock price. A perfect entry point in this case for Kelly would be at the lower ends of the $40 mark and mostly because of the dividend that Microsoft currently offers.


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