As Microsoft products revolve around some new developments, tech giant Microsoft (MSFT) is facing a strange credibility crisis. Microsoft's return trip (RTO) mission is asking some questions about whether the team is worth it, and the Austrian army's hub is far from the office has also been hurt. Microsoft shareholders also seem to have become worrying from the deal Wednesday afternoon.
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Microsoft recently issued a return authorization to its workers to pull them back to the office at least three days a week. This makes sense on some levels. After all, there is a reason companies have buildings and need to get used to them that look like a valuable investment. Some questions point out that the problem is that Microsoft has built an entire product line around facilitating remote work. If Microsoft itself is giving up remote work (even if it's only three days a week), it's a major problem for potential customers.
Basically, even chefs don’t eat their own cooking, so why are there anyone else in the world? The report notes that Microsoft has spent years using teams (and SharePoint and the 365 ecosystem) as a great tool for remote work. But now, Microsoft seems to have abandoned its remote work product line to support what Wildix CEO Steve Osler thinks is “less than collaboration, more focus on old reflections.”
At the same time in Austria
It was a separate question when the Austrian armed forces decided to withdraw from Microsoft Office altogether and switch to Libreoffice. The report said the move would pull Microsoft Office out of about 16,000 workstations.
This move is not universal; some exceptions will be granted, especially with Microsoft Access or Microsoft Office 2024 LTSC. Libreoffice is getting ground as an open source office suite, and the idea that there may be a potential free alternative to Microsoft Office may be particularly worrying.
Is Microsoft Buy, Hold or Sell?
Turning to Wall Street, analysts allocated a strong buy consensus rating for holdings in the past three months based on 33 purchases of MSFT stock, as shown in the chart below. After 24.17% on the stock price over the past year, MSFT’s average price target is $627.95, meaning a 20.97% upward potential.
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