Is It Too Late to Buy Microsoft Stock?
Microsoft (NASDAQ: MSFT) has had an epic run over the past year, driven higher by a broader market rebound and a major recovery in the technology sector. Shares of the productivity software and cloud computing specialist have gained 63% over the past year, more than twice the 27% gains of the S 500. To kick off 2024, Microsoft's market cap has soared above $3 trillion, making it the most valuable company in the world (as of this writing).
What makes this all the more remarkable is that much of the gains were the result of Microsoft's decision to embrace generative artificial intelligence (AI) early on. Yet some investors are leery of joining the rally that has come so far so fast -- especially given the increased volatility that seemingly comes with AI stocks.
What does this mean for investors who sat out Microsoft's current sprint higher? Should they buy now in hopes of additional gains or ignore the stock because of its somewhat pricey valuation? Let's see what the evidence reveals.
Source Fool.com
Microsoft Corp. Stock
With 98 Buy predictions and 2 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 406 € shows a slightly positive potential of 5.47% compared to the current price of 384.95 € for Microsoft Corp..
