(BFM Bourse) – After Saudi Aramco and Apple, the group founded by Bill Gates in turn exceeds the 2,000 billion stock market valuation, thanks to an advance of 19% since January 1.
More than ever dominated by the GAFAMs, the ranking of the world’s largest capitalizations sees Microsoft reach the milestone of 2,000 billion dollars in valuation on Tuesday, after having crossed the threshold of 1,000 billion dollars in “market cap” for the first time on April 25, 2019. Note that the group founded by Bill Gates and Paul Allen in 1975 was then the third to exceed this threshold, behind Apple and Amazon. It will therefore have gone faster than the e-commerce giant to take the next step, the group of Jeff Bezos currently pointing to 1.760 billion dollars in market capitalization.
Even more impressive, the software giant added nearly 1,000 billion in stock market valuation in … 15 months, the group led by Satya Nadella since 2014 having seen its “market cap” fall to 1,044 dollars in mid-March 2020.
With its gain of 1.23% Monday, the market capitalization of Microsoft stood at a record 1.978 billion at the close, at 262.63 dollars. He therefore only needed an additional 1.11% increase to reach this new symbolic milestone around 9:30 p.m. (3:30 p.m. on Wall Street).
The recent one comes against the backdrop of investor expectations for the next Microsoft event scheduled for Thursday, June 24. It is very likely that the CEO of the group will unveil the new generation of operating system, Windows 11, as he suggested during the Microsoft Build developer conference. Rumors further reinforced by the disclosure, last Tuesday, of photos and a beta version of the system in question. The publisher of software (Office suite) and operating systems, also present in the cloud (Azure), video games (Xbox), social networks (LinkedIn), etc., claimed 1.3 billion users for Windows 10 after its first quarter. The Microsoft title has also benefited from raising objectives on the part of analysts, including that of Keith Weiss of Morgan Stanley which targets 300 dollars. Based on 26 Wall Street analysts who offered 12-month price targets for Microsoft stock in the past 3 months, the average price target now stands at $ 298.16 with a record high of $ 340 Fixed by Kash Rangan, analyst at Goldman Sachs.
This price would correspond to an astronomical stock market valuation of 2.560 billion dollars, more than 300 billion more than the current world capitalization, namely Apple and its 2.210 billion dollars. Note that the oil giant Saudi Aramco, on the podium of the biggest “market cap” on the planet since its IPO last December, sees its No. 3 status threatened by the Amazon merger (1.762 billion), or even Alphabet (1.662 billion), after having already “been” overtaken by Apple and Microsoft in recent months.
Quentin Soubranne – © 2021 BFM Bourse