Microsoft: Zeroing in on $30?

Voices — Mon, 29 Jun 2009 14:00:20 +0000

Microsoft (MSFT) shares haven’t touched the $30 level in more than a year. But the stock has been rallying impressively since bottoming in the $15 range in March–can it complete the double?

Some analysts think so. In fact, two of them this morning upped their targets on the stock to exactly $30.

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Google: Dollar Rally to Drag on Q3 Results

Eric Savitz — Mon, 25 Aug 2008 18:11:17 +0000

Google’s (GOOG) third-quarter results will feel the effects of a strengthening dollar, Collins Stewart analyst Sandeep Aggarwal observed in a research note this morning. Aggarwal points out that currency has lifted earnings in each of the last 10 quarters, but that the company will suffer a sequential FX loss in Q3, with the year-over-year benefit “materially lower” than in recent quarters.

Aggarwal says trend reversal in FX “will put $22 million” of “negative pressure on Google’s gross margin” on a sequential basis, and will provide only a $132 million boost on a year-over-year basis, versus $248 million in Q2 and $202 million in Q1.

Aggarwal, who maintains a Buy rating and $615 price target on the stock, says that the currency shift “is not a thesis changer, but a noteworthy trend reversal to watch for.”

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AllThingsD » Eric Savtiz

Microsoft: Zeroing in on $30?

Google: Dollar Rally to Drag on Q3 Results