Home Amazon Web Services Microsoft (MSFT) Received its Third Buy in a Row

Microsoft (MSFT) Received its Third Buy in a Row


After KeyBanc and RBC Capital gave Microsoft (NASDAQ: MSFT) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Brad Zelnick maintained a Buy rating on Microsoft yesterday and set a price target of $125. The company’s shares closed yesterday at $101.93.

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 3.5% and a 46.0% success rate. Zelnick covers the Technology sector, focusing on stocks such as Instructure Inc, Salesforce.com, and Symantec Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $124.32 average price target, which is a 22.0% upside from current levels. In a report issued on December 20, Stifel Nicolaus also reiterated a Buy rating on the stock with a $120 price target.


See today’s analyst top recommended stocks >>

Based on Microsoft’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $28.99 billion and net profit of $8.82 billion. In comparison, last year the company earned revenue of $28.9 billion and had a GAAP net loss of $6.3 billion.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on MSFT:

Source link


Please enter your comment!
Please enter your name here