#1 - Microsoft (NASDAQ:MSFT)
Microsoft (NASDAQ:MSFT) may be one of the more obvious and pricey choices among cloud computing stocks. However, it’s hard to imagine talking about cloud stocks to buy without mentioning Microsoft or Amazon (NASDAQ:AMZN). But since Amazon can be discussed for so many other reasons, I’ll leave its Amazon Web Services (AWS) out of this presentation.
Which gets me back to Microsoft and its Azure cloud service. Azure literally covers the world with data centers on every continent that are linked by fiber cable. Microsoft adds another barrier to entry because it manages these data centers' capacity to handle local laws and regulations.
Since the company pivoted to the cloud back in 2014, shareholders have been rewarded with a 36% annual gain over five years.
And unlike the other stocks in this presentation, Microsoft pays a dividend that has increased for the last 10 years (most recently in September 2020).
About Microsoft
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
Read More - Current Price
- $399.04
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 35 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $434.05 (8.8% Upside)
