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Benzinga

Business

Anusuya Lahiri

Jefferies Sees Potential In Microsoft's Power Platform

Microsoft Brent Thill Jefferies Microsoft Corp

Jefferies analyst Brent Thill notes Microsoft Corp's (NASDAQ:MSFT) emerging Power Platform has "an outsized impact via a halo effect" on the entire Microsoft suite.
Thill describes the Power Platform as "a multi-billion dollar growth pillar" and the company's "next growth engine."
He sees the Power Platform's long-term user opportunity at one billion-plus from under 20 million users.
Related Content: Why This Microsoft Analyst Says The Tech Stock Is A Buy Now, Read Why Wells Fargo Is Bullish On Microsoft
Thill reiterated a Buy rating and $400 price target on Microsoft (36% upside).
Price Action: MSFT shares closed higher by 2.52% at $294.39 on Wednesday.

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