Why Microsoft Stock Is Surging Today
(NASDAQ: MSFT) stock is seeing significant bullish momentum in Thursday's trading. The tech giant's share price was up 3.4% as of 3:05 p.m. ET. The S 500 and the Nasdaq Composite were up 0.5% and 0.6%, respectively, at the same point in the day's trading. The stock has been up as much as 4.1% earlier in the daily session.
Microsoft is gaining ground today in response to positive analyst coverage of the company's cloud infrastructure opportunities, potential opportunities in the defense services space, and reports that the company is poised to unveil a new coding model in the near future. Despite the gains for the stock, its share price is still down roughly 12% year to date as of this writing.
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Source Fool.com
Microsoft Corp. Stock
€403.10
3.030%
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 positive potential of 24.04% for Microsoft Corp. compared to the current price of 403.1 €.
