Why Microsoft Stock Just Dropped
Microsoft (NASDAQ: MSFT) stock slipped 2.5% through 2:25 p.m. ET Thursday after Stifel analyst Brad Reback lowered his price target on the tech stock this morning, and maintained only a "hold" rating.
Reback thinks Microsoft stock is worth $400 a share -- and it costs less than $357 as of this writing -- but that's still not cheap enough to convince Reback to rate it a "buy."
Image source: Microsoft.
Source Fool.com
Microsoft Corp. Stock
€403.10
3.030%
With 148 Buy predictions and 4 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 500 € shows a positive potential of 24.04% compared to the current price of 403.1 € for Microsoft Corp..
