Short Term Price Target on Microsoft Corporation (MSFT)

Microsoft Corporation (NASDAQ:MSFT) : 20 investment research analysts covering Microsoft Corporation (NASDAQ:MSFT) have an average price target of $57.7 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $36 for the short term. Analysts expect the variance to be within $7.89 of the average price.

Microsoft Corporation has lost 1.43% in the last five trading days and dropped 3.18% in the last 4 weeks. Microsoft Corporation has dropped 7.27% during the last 3-month period . Year-to-Date the stock performance stands at -6.46%. Also, Equity Analysts at the Cowen & Company upgrades the rating on Microsoft Corporation (NASDAQ:MSFT). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on May 24, 2016.

Microsoft Corporation (NASDAQ:MSFT) : The consensus on Microsoft Corporation (NASDAQ:MSFT) based on 21 analyst recommendation on the company stock is 1.62, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 14 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Microsoft Corporation (NASDAQ:MSFT).

Microsoft Corporation (NASDAQ:MSFT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.72 and $50.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.17, notching a gain of 1.25% for the day. The total traded volume was 28,527,781 . The stock had closed at $50.54 on the previous day.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other. The Companys products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software, services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

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