Microsoft Stock Insights: Wall Street's Optimistic Predictions
Wall Street's Outlook on Microsoft Stock
Microsoft stock has shown resilience, moving upwards after an announcement of a $60 billion stock buyback program and a 10% increase in quarterly dividends.
Analysts Rate MSFT as a Strong Buy
According to recent data, 30 Wall Street analysts provided 12-month price predictions for MSFT, rating it a ‘strong buy’ with an average target price of $501.15.
- Lowest target: $470 (+8.96%)
- Highest target: $550 (+27.51%)
Key Analysis and Predictions
One cautious voice, John DiFucci of Guggenheim, questions Microsoft’s restructuring pace but acknowledges it’s better late than never.
Meanwhile, Morgan Stanley positively rated MSFT as ‘overweight’, noting new disclosures about segment changes.
Current Stock Performance
MSFT is currently trading at $431.34, reflecting a 0.34% increase, with a 17.95% increase YTD.
In conclusion, Wall Street remains optimistic about Microsoft stock, with key strategic decisions affirming bullish trends.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.