Someone is making a big bet that Microsoft’s (NASDAQ:MSFT) stock goes on a multi-year move up. It could even result in the stock rising by more than 23%, to over $275. The big bet comes following the company’s better than expected quarterly results.
Microsoft is well positioned to continue to see strong growth out of its intelligent cloud business unit, its big growth engine, with revenue growing by almost 20% to $12.9 billion in the fiscal first quarter. Analysts currently estimate revenue for that same business unit will grow by almost 16% in the fiscal second quarter to $13.7 billion.
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