Goldman Sachs on Microsoft: 'We Were Wrong'
A mea culpa for cloud oversight.
Microsoft myopia?
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Goldman Sachs is throwing in the towel on its bearish stance on Microsoft, upgrading its shares to "neutral "and boosting its 12-month price target to $57 from $45 on Friday.
The technology company has vastly outperformed the S&P 500 since analysts downgraded it to "sell" in April 2013: