Google parent Alphabet’s strong cloud growth has one analyst feeling less excited about the prospects for Microsoft’s stock.
After Alphabet
GOOGLGOOG posted earnings on Wednesday, Brad Reback, an analyst at Stifel, downgraded Microsoft’s stock MSFT to hold from buy. In his view, there are “no near-term catalysts” that could give shares a boost.
Why Microsoft’s stock just lost a big fan in the wake of Alphabet’s earnings
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Google parent Alphabet’s strong cloud growth has one analyst feeling less excited about the prospects for Microsoft’s stock.
After Alphabet
GOOGL GOOG posted earnings on Wednesday, Brad Reback, an analyst at Stifel, downgraded Microsoft’s stock MSFT to hold from buy. In his view, there are “no near-term catalysts” that could give shares a boost.
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