Stock MarketsJun 24, 2021 12:27PM ET
By Dhirendra Tripathi
Investing.com – Microsoft (NASDAQ:) shares edged up 0.8% Thursday while the company showed the public Windows 11, its latest operating system and its first major revamp since 2015.
Microsoft said Windows 11 will include new features aimed a business users, specifically those who use it with an external monitor, according to Reuters.
One new feature, for example, will automatically adjust apps to a single screen when users undock a machine to take a call in a quieter room and then readjust them when the user re-docks the machine.
Other features include ways to show recent files even when they have been viewed on a different device such as a phone, as per the Reuters report.
Challenges from Apple Inc (NASDAQ:)’s macOS and Alphabet Inc Class A (NASDAQ:)’s Chromebook notwithstanding, Windows remains the dominant operating system on most PCs and laptops in the world.
Tuesday, Microsoft became only the second company in the world, after Apple, to cross $2 trillion in market cap. The next day, its stock got a price upgrade from Wedbush Securities to $325, an upside of 21.4% from the stock’s current level of $267.61.
Analyst Dan Ives maintained his outperform rating on the shares.
Ives pointed out that while many tech stocks are all being lumped as work-from-home play, the growth story at Microsoft is not slowing down, as its cloud hosting unit benefits from more enterprises and governments migrating to the Cloud.
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