PhillipCapital analyst Timothy Ang has given Microsoft a buy rating and target price of US$405 ($554.35) as he thinks that rising demand for cloud solutions and cybersecurity solutions will be beneficial for the company. 

In a Dec 13 report, Ang says that Microsoft’s cloud business, Azure, has doubled its market share, leveraging on the installed base of 72% of global enterprise servers with attractive pricing.  

Azure has doubled its market share from 10% to 20% between 2017 and 2021, and is expected to expand further as enterprises choose Azure as their primary cloud vendor due to existing relationships with Microsoft. 

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