Citi hikes Microsoft target ahead of earnings, predicts rally of more than 30% the next 12 months

Published Thu, Jul 22 20217:08 AM EDTUpdated Thu, Jul 22 202110:21 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

Internet company Microsoft's China office building is seen in Shanghai, China, Dec. 8, 2020.

Costfoto | Barcroft Media | Getty Images

Microsoft has the potential to beat expectations in several different business categories, and its stock should rise by more than 30% over the next year, according to Citi.

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