In its endeavour to help businesses take strategic decisions by converting supplier spend data into valuable insights, tech giant Microsoft (MSFT) announced that it has acquired Suplari. The terms of the deal have not been disclosed so far.
Suplari provides supplier spend insights that enable companies to gain a deeper understanding of data from multiple sources like contracts, purchase orders, invoices, expenses, and supplier risk.
Thus, the clubbing of Microsoft Dynamics 365 and Suplari Spend Intelligence Cloud will enable customers to use artificial intelligence to automate the analysis of current data and historical patterns, thereby enhancing the financial decision-making process. (See Microsoft stock charts on TipRanks)
The Vice-President of Dynamics 365 Insights Product Group at Microsoft, Frank Weigel, said, “Today’s announcement also signals our continued commitment to enabling organizations to move beyond transactional financial management to proactive operations that enhance decision making, mitigate risks, and reduce supplier costs through our data-first approach.”
Following the release of Q4 results on July 28, Mizuho Securities analyst Gregg Moskowitz reiterated a Buy rating on the stock with a price target of $325 (upside potential of 13.6%).
“Looking ahead, we maintain our view that MSFT’s growth opportunities over the medium-term and beyond are greater than many realize, and that MSFT is positioning for materially greater success in the cloud,” the analyst said,
Consensus among analysts is a Strong Buy based on 26 unanimous Buys. The average Microsoft price target of $322.75 implies 12.8% upside potential.
Microsoft scores a “Perfect 10” on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.
Related News:
Walmart Makes In-House Technology Available to Retailers; Partners with Adobe
Spotify Posts Smaller Q2 Loss on Subscriber Growth; Shares Dip 3%
Citizens Signs $3.5B Deal to Acquire Investors Bancorp
