Is Microsoft Stock Going to $500?
Since last October, when (NASDAQ: MSFT) surged to an all-time high of $540 per share, the stock has been in free fall. As of March 3, shares are down some 24% from those October highs to $410 per share.
The drop is in part due to investors rotating out of overvalued tech stocks, but there are also Microsoft-specific concerns that have caused the price to tank. Most of the decline came after Microsoft's fiscal second-quarter earnings report for the period ended Dec. 31. Shares plummeted more than 17% to below $400 per share on several concerns.
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Source Fool.com
Microsoft Corp. Stock
€424.65
5.350%
The stock is one of the favorites of our community with 148 Buy predictions and 4 Sell predictions.
With a target price of 500 € there is a slightly positive potential of 17.74% for Microsoft Corp. compared to the current price of 424.65 €.
