7 Cloud Computing Stocks to Lift Your Portfolio to New Heights in 2021 - 1 of 7

 
#1 - Microsoft (NASDAQ:MSFT)

Microsoft logo

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, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises. Read More 

Current Price: $247.18
Consensus Rating: Buy
Ratings Breakdown: 31 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $287.96 (16.5% Upside)





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