Loop Capital keeps a Buy rating and $550 price target on Microsoft (MSFT) ahead of its Q2 results. The firm sees the company with similar growth trends experienced Q1 playout out again in the quarter, while its specific checks into cloud consumption trends indicate at least a moderate acceleration from the previous quarter, the analyst tells investors in a research note. Loop adds that its positive proprietary checks on the Azure business were further validated by its recent expert group call on cloud service providers.
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