Some of the stock price rise in the 2017-2020 period (FY ends in June) is justified by the 48% growth in revenues. government due to concerns of privacy and ties to the Chinese state. operations of TikTok, the popular Chinese video application which has come under scrutiny from the U.S. The company is currently in conversation with ByteDance to buy the U.S. The company also displayed higher demand of Windows OEM, Surface, and Gaming which benefited from increased demand due to lockdown conditions. In Q3 and Q4 2020, due to the coronavirus the company saw higher demand in cloud usage and as customers had work from home orders. The price further rose as Microsoft’s Q3 and FY 2020 (ended June) earnings beat market estimates. The rise in stock price was helped by the Fed’s multi-billion dollar stimulus package announced on March 23rd which lifted market sentiments. Microsoft’s stock has increased from $136 to $215 off the recent bottom, better than the S&P which increased by around 47%. Microsoft Stock - Too High, Too Fast?Īfter a 59% rise since the March 23 low of this year, at the current price of around $215 per share, we believe Microsoft’s stock has only a moderate upside left.
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