Microsoft Corporation (MSFT) Receives Price Target

Microsoft Corporation (MSFT) : The highest level Microsoft Corporation (MSFT) is projected to reach is $65 for the short term and the lowest estimate is at $36. The consolidated price target from 21 rating analysts who initiate coverage on the stock is $59 and the possibility the share price can swing is $7.91.

Microsoft Corporation (MSFT) : 15 brokerage houses believe that Microsoft Corporation (MSFT) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Microsoft Corporation (MSFT). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 1.65.


Also, Brokerage firm Wunderlich maintains its rating on Microsoft Corporation (NASDAQ:MSFT). As per the latest information, the brokerage house raises the price target to $60 per share from a prior target of $55. The shares have been rated Hold. The rating by the firm was issued on July 20, 2016.

Microsoft Corporation (NASDAQ:MSFT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.01 and $57.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.59, notching a gain of 0.23% for the day. The total traded volume was 26,075,363 . The stock had closed at $57.46 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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