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Microsoft is well on its way to giving Amazon market capitalization after earnings reports



In a battle in the Pacific Northwest to become the second most important company in the world – and possibly reach a market cap of $ 1 trillion – is Microsoft Corp. well on the way to overtake Amazon.com on Friday.

Amazon

AMZN, + 7.09%

was # 2 for Apple Inc.

AAPL, + 2.19%

and even briefly flirted with a $ 1

trillion market capitalization in early September, but fainting in Seattle's technology park left the Seattle ecommerce giant rating Finally, to $ 869.2 million from Thursday trading. However, this rating appears to be heading for a healthy rally on Friday, as Amazon shares lost 7.4% after their earnings report for the third quarter.

If this decline continues, Amazon would be overtaken by Microsoft

MSFT, + 5.84%

who posted a 5.8% gain on Thursday after posting a profit on the day before Amazon. Microsoft ended the session on Thursday with a market capitalization of $ 831.5 million, according to FactSet; If the decline continues after Amazon's profit, that would be worth less than $ 810 million.

Apple was the first company to exceed $ 1 trillion in August and beat Amazon. Amazon reached the mark in a single intraday trade at the beginning of September, but never closed a session with this high score. Several analysts predict that Microsoft will exceed the $ 1 trillion mark if it continues to compete successfully with Amazon in the cloud computing space while gaining profits in the cloud software and legacy PC business.

Microsoft's share price would have to reach $ 130 to reach $ 1 trillion in current shares. A dozen analysts have price targets for Microsoft of $ 130 or higher; The average price target of more than 30 analysts surveyed by FactSet on Thursday afternoon was $ 125.69.

Amazon would have to top $ 2,050 per share to approach $ 1 trillion. Prior to a change on Thursday's earnings report, the average price target for the Amazon share of more than 40 analysts pursuing the company was $ 2,212.98. Only five of these analysts have targets of less than $ 2,050 per share.


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