Technology giant Microsoft got a buy rating from analysts at Goldman Sachs.
Goldman Sachs initiated coverage of the company with a sanguine outlook on its strong cloud offering. The analysts also mentioned that it “stands out very uniquely” in technology, given its “strong presence across all layers of the cloud stack including applications platforms and infrastructure.”
They think that Microsoft is well positioned to double its $60 billion-plus commercial cloud business (Azure, Office 365, Dynamics, and LinkedIn Commercial) into a $120 billion to $140 billion business in the longer term. Microsoft’s installed base of on-premise Windows servers alone represents $80 billion to $90 billion in potential Azure business, according to the analysts’ thesis.