#Business
⚡️Pandemic is 'zeitgeist moment' for cloud, Microsoft to top $2 trillion in 2 years, Wells Fargo says
Based on a 30 times forward earnings multiple, Wells Fargo estimates 2023 revenue of $68.2 billion. This would make Microsoft’s market capitalization equal to $2.2 trillion, greater than Italy’s GDP in 2019, noted Winslow. Microsoft’s current market value is about $1.4 trillion.
⚡️Pandemic is 'zeitgeist moment' for cloud, Microsoft to top $2 trillion in 2 years, Wells Fargo says
Based on a 30 times forward earnings multiple, Wells Fargo estimates 2023 revenue of $68.2 billion. This would make Microsoft’s market capitalization equal to $2.2 trillion, greater than Italy’s GDP in 2019, noted Winslow. Microsoft’s current market value is about $1.4 trillion.
