Microsoft (MSFT: Nasdaq) By Pacific Crest Securities ($43.34, April 24, 2015)

Microsoft reported fiscal-third-quarter results that were well above expectations. The commercial licensing segment appears to be stabilizing, and the company posted very strong results in Office 365. We are increasing our fiscal 2016 estimates and are raising our target to $50 from $48.

Office 365 has over 62 million users, including 12.4 million…