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Microsoft just cant catch a break these days. But negative or positive press is a result of being the software giant. According to a new report, Goldman Sachs has downgraded Microsoft’s market share from “hold” to “sell.”
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Heather Bellini, an analyst at Goldman Sachs, is recommending that investors sell their Microsoft stock and downgraded the software giant’s stock from neutral (hold) to a negative rating (sell). Bellini believes Microsoft will gradually deteriorate if they don’t change their direction right away.
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“The company faces critical secular challenges given the deteriorating PC demand backdrop,” Bellini stated. She added that Microsoft’s financial results will “gradually deteriorate unless Microsoft successfully repositions itself as a more meaningful participant in the new era of consumer compute.” This new era of “consumer compute” includes tablets and smartphones.
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Recently, Bank of America, a multinational banking and financial services company, downgraded their stock in Microsoft from “buy” to “hold” and they are blaming a “lack of momentum” as the reason.
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