Price Target Update on Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) : The most positive equity analysts on Microsoft Corporation (NASDAQ:MSFT) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $36 in the short term. The company is covered by 20 Wall Street Brokerage Firms. The average price target for shares are $57.7 with an expected fluctuation of $7.89 from the mean.

Other Equity analysts have also commented on the company shares. Brokerage firm Cowen & Company upgrades its rating on Microsoft Corporation (NASDAQ:MSFT). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on May 24, 2016.

Microsoft Corporation (NASDAQ:MSFT): stock turned positive on Thursday. Though the stock opened at $51.28, the bulls momentum made the stock top out at $52.06 level for the day. The stock recorded a low of $51.15 and closed the trading day at $51.91, in the green by 1.80%. The total traded volume for the day was 29,028,833. The stock had closed at $50.99 in the previous days trading.

The company shares have rallied 11.70% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $56.85 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $51.11 and the 200 Day Moving Average price is recorded at $52.70. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Chief Marketing Officer) of Microsoft Corp, Capossela Christopher C had sold 5,337 shares worth of $271,600 in a transaction dated May 20, 2016. In this transaction, 5,337 shares were sold at $50.89 per share.

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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