Subject: Valuation next 12 months
This time next year, MSFT will likely have TTM EPS of around $18/ share. The lowest multiple it has had on that number in the past 7 years is 26x , which would imply a price of $468. the average multiple has been around 32x which would imply a price of $576. A trend line multiple of 29x would imply a price of $522.

Of course anything could happen...

tecmo
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(currently trading at $390)