Why Microsoft Stock Outpaced the Market Today
(NASDAQ: MSFT), a somewhat surprising tech sector pace-setter of late, had yet another winning session on the stock market Thursday. The veteran software company's share price rose by 3.2%, on a day when the frothy S 500 index gained 1.2%, to set a new all-time high. The tech giant was the beneficiary of not one, but two price target increases from analysts.
The more significant of the two hikes was made by JPMorgan Chase's Mark Murphy, who upped his Microsoft price target to $350 per share from his previous $315. Murphy kept his overweight (read: buy) recommendation intact.
The story was much the same with Mizuho Securities' Gregg Moskowitz. He effected a more modest increase, adding $20 to his price target for a new tally of $360. Like his JPMorgan Chase peer, Moskowitz remains a Microsoft bull, as he left his buy recommendation unchanged.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 100 Buy predictions and 2 Sell predictions.
With a target price of 404 € there is a slightly positive potential of 6.92% for Microsoft Corp. compared to the current price of 377.85 €.
