Microsoft Corporation (MSFT) : 24 analysts are covering Microsoft Corporation (MSFT) and their average rating on the stock is 1.71, which is read as a Buy. 15 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Microsoft Corporation (MSFT) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Microsoft Corporation (MSFT) : 21 investment research analysts covering Microsoft Corporation (MSFT) have an average price target of $58.76 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 $7.94 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Microsoft Corporation (NASDAQ:MSFT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.03 and $58.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.30, notching a gain of 0.48% for the day. The total traded volume was 18,162,301 . The stock had closed at $58.02 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Gates William H Iii, director of Microsoft Corp, had unloaded 5,500,000 shares at an average price of $56.44 in a transaction dated on July 22, 2016. The total value of the transaction was worth $310,420,000.
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.