Tigress Financial Partners analyst Ivan Feinseth reiterated its Buy rating on Microsoft Corp (NASDAQ: MSFT) and maintained the price target of $411 as growth in Cloud continues to drive strong business performance. The recent pullback in price is a significant buying opportunity. Accelerating enterprise digitalization driving increasing IT spending will continue to drive accelerating Business Performance trends. MSFT continues to emerge as a dominant force in gaming and prepares to expand into t Read More...
Reuters
Musk says $44 billion Twitter deal on hold over fake account data
Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Twitter shares initially fell more than 20% in premarket trading, but after Musk, the chief executive of electric car market Tesla Inc, sent a second tweet saying he remained committed to the deal, they regained some ground. Musk, the world’s richest person, decided to waive due diligence when he agreed to buy Twitter on April 25, in an effort to get the San Francisco-based company to accept his “best and final offer.”
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