- Bank of America names Microsoft (NASDAQ:MSFT) as a top software pick for 2020 and raises the price target from $162 to $200.
- Key growth drivers include Azure, gaming, and LinkedIn.
- BofA says Azure "has still not reached scale in terms of margins," which means it is still a meaningful driver for gross margins long term
- The bank says Microsoft's revenue could continue to grow more than 10% annually.
- Microsoft shares are up 0.5% to $158.20. The company has a Very Bullish average Sell Side rating.
BofA sees big 2020 for Microsoft
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