Microsoft Poised To Reach 1 Trillion Market Cap Analysts Say

However, multinational tech company, Microsoft, pulled the rug underneath their feet, as its stock price took an upward 7.57 percent leap, to close the day at $93.78.

If you’re an ardent follower of the stock market, you probably know that it wasn’t so solid last week when The Dow dropped to 425 points, which has been attributed to the trade tensions between the U.S. and China.

This has since eased out, erasing all the drops and raising The Dow up 224 points, to settle at 669 points.

However, Microsoft’s gain on the stock exchange isn’t just a result of the stock market, but also because Morgan Stanley – a financial investment services firm – predicted that the Seattle tech giant would reach the $1 trillion market value.

Keith Weiss, an analyst and Managing Director at Morgan Stanley, announced that he would be raising his 12-month price target to $130 – almost 50 percent higher than the $87 shares the stock was trading on Monday, last week.

Additionally, Morgan Stanley says that Microsoft’s cloud assets and other existing assets, its huge customer base and distribution channel should, in the next three years, help the company gain market share.

Microsoft’s growth in the stock market, which was up 44 percent last year, can also be attributed to the change of guard after Satya Nadella, the company’s third CEO, took over from Steve Ballmer in February 2014.

Who will hit the mark first? Only time will tell.