Microsoft price target raised to $330 from $310 at Oppenheimer

Oppenheimer analyst Timothy Horan raised the firm’s price target on Microsoft to $330 from $310 and keeps an Outperform rating on the shares following quarterly results. The firm notes Microsoft generates its own gravity, shrugging off macro concerns and handily topping Q3 revenue and EPS estimates by 4% and 10%, respectively, with constant currency revenue growth jumping to +10% from last quarter’s +7%.