Shares of Microsoft Corp.
rose 0.8% in afternoon trade Monday, putting them on track for a 7th-straight gain toward a 2nd-straight record close. The win streak would be the longest since it rose for 8-straight sessions as of Aug. 9, 2018. The software and cloud-computing company continues to hold its lead as the largest U.S. company by market capitalization, ahead of second-place Apple Inc.
third-place Amazon.com Inc.
and fourth-place Alphabet Inc.
Wall Street analysts are overwhelming bullish on Microsoft’s stock, as 31 of 34 analysts surveyed by FactSet rate it the equivalent of buy, 2 rate it a hold and just one rates it the equivalent of sell. The average price target of $126.37 implies an 8.1% climb from current levels. Microsoft shares have soared 24% over the past 12 months, while Apple’s stock has gained 5.5%, Amazon shares have tacked on 11% and Alphabet shares have edged up 4.6%. The Dow Jones Industrial Average
has gained 3.7% the past year.
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