Market Cap: $2,155 billion
Microsoft could reach $400 per share with a $3 trillion market capitalization, up from its present $2.155 trillion market cap and $286.14 share price at the close on July 22. This would happen if the software company produces excellent free cash flow (FCF) and FCF margins for Q2. Microsoft releases earnings for its fiscal Q4 ending June 30 on July 27.
Last quarter, its revenue rose 19% year-over-year (YoY) and operating income rose 31% to $17 billion. But FCF rose 24% in the past year to $17.09 billion. This represents a huge 41% of its quarterly $41.7 billion in revenue for the March quarter. So we can use this to value MSFT stock.
3 EV Penny Stocks Under $4 Making Big Moves Right NowÂ
EV penny stocks have become some of the hottest names this year. This makes sense given the massive push by the Biden Administration to get the U.S. on the right track toward renewable dependence. However, given that we are still so far away from this, there are plenty of penny stocks that could benefit.Â
This includes both big-name EV penny stocks and smaller, ancillary companies. Itâs worth noting that there are plenty of businesses that may not directly work in the EV industry, but they still do have exposure to it. This includes companies such as lithium miners, battery metals recyclers, and companies that produce parts for EVs or charging-related equipment.Â
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It is safe to say that not all Reddit penny stocks come with a stamp of approval from Wall Street. However, Synchronoss Technologies is a little different. Analysts give it a consensus strong buy rating and a 12-month price target of $7.63, according to
Tipranks. Considering current prices, that implies more than 130% of upside potential from here.
So, what exactly is Synchronoss?
Well, the company says its intellectual property is all about helping its customers improve relationships with
their customers. SNCR’s platforms help create new revenue, reduce the cost of growth and help drive higher engagement levels. For instance,