KeyBanc analyst Brent Bracelin reiterates an Overweight rating on Microsoft, while raising his price target on the shares to $143 from $141 on a multiyear model transformation driven by fast-growing cloud and digital segments that are sustaining high growth at scale. The analyst notes that commercial cloud grew 41% year over year despite approaching a $40B run-rate scale, with the "strong" revenue beat for Q3 driven by strength in server and Windows products that was accentuated by the continuation of robust cloud adoption.
Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here