Rick Sherlund today raised his 12-month price target from $33 to $36.
That’s in line with the upbeat predictions for MSFT made during a WSA event in December.
The consensus among Wall Street analysts surveyed by Thomson Financial is still $33, but I’ll bet that’s going to change over the next few weeks.
New versions of Office, Windows and Exchange are “each likely an additional positive catalyst for the stock,” Sherlund said.
Microsoft reports its December quarter earnings on Jan. 25. Sherlund matches the consensus of analysts — sales of $12 billion and earnings of 24 cents a share.
Just a little while ago, the stock was up 9 cents to $31.25.