Goldman Sachs has put Microsoft back on its Americas Conviction Buy List of elite stocks, six months after taking the company off the list. Wrote Sarah Friar, Goldman analyst, in a note to clients this morning:
- We believe there are several near-term catalysts to help drive the price of Microsoft's shares higher, beginning with its fiscal 1Q earnings report on October 25. We are expecting a strong quarter and revised our estimates higher a week ago, to reflect the positive impact from the aQuantive acquisition and out-performance in Halo 3. Other catalysts include the upcoming Windows Server 2008 launch, Christmas Xbox 360 sales, and a strong balance sheet for buybacks.
Microsoft shares rose 40 cents to about $30.44 as of 9:30 a.m. Pacific.Goldman Sachs, Elite Stocks, Microsoft, Corporate News
Source:→ Todd Bishop's Microsoft Blog