Microsoft Corp (NASDAQ: MSFT) has already gained well over 50% in the trailing twelve months but a Morgan Stanley analyst is convinced it has further room to the upside still.

Keith Weiss reiterated his “buy” rating on the tech behemoth this morning. His $465 price objective suggests about an 11% upside from here.

The analyst is bullish on Microsoft stock primarily because he expects it to “capture incremental market share” in cybersecurity in which it already has a “formidable presence”.

He’s convinced that security is a part of $MSFT that will sustainably note “mid-teens topline growth” moving forward.

Wall Street currently has a consensus “buy” rating on Microsoft shares that pay a dividend yield of just over 0.7% at writing.

Keith Weiss attributed his positive view on Microsoft stock particularly to the company’s large installed base and active participation in several product categories.

All in all, he recommends owning $MSFT as it continues to be the industry leader. The Morgan Stanley analyst also told clients in a research note today:

“With estimated $25 billion in revenue, up 25% YoY, and >1 million customers, we believe security remains an underappreciated source of growth for Microsoft and estimate >$30 billion in revenue by FY25.”

The bullish call arrives more than a month after Microsoft reported its financial results for the second quarter that topped Street estimates (read more).

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