Why Microsoft Stock Popped Friday
Microsoft (Nasdaq: MSFT) stock jumped 4.1% through 12:25 p.m. ET Friday after Karl Kierstead, an analyst at investment bank UBS, lowered his price target on the software giant -- but insisted Microsoft stock is a buy anyway.
Kierstead puts Microsoft's price target at $600, implying investors who buy today can expect a 28% profit in 12 months.
Image source: Getty Images.
Source Fool.com
Microsoft Corp. Stock
€389.20
-0.500%
The stock is one of the favorites of our community with 163 Buy predictions and 4 Sell predictions.
With a target price of 506 € there is a positive potential of 30.01% for Microsoft Corp. compared to the current price of 389.2 €.
