Microsoft (NASDAQ:MSFT) Price Target Raised to $475.00

Microsoft (NASDAQ:MSFTGet Free Report) had its price target upped by equities research analysts at Barclays from $421.00 to $475.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the software giant’s stock. Barclays‘s price target points to a potential upside of 16.25% from the stock’s previous close.

Several other analysts have also recently issued reports on MSFT. Loop Capital initiated coverage on shares of Microsoft in a research report on Tuesday, October 17th. They set a “buy” rating and a $425.00 price target on the stock. Mizuho increased their price target on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $390.00 price target on shares of Microsoft in a research note on Friday, November 24th. Tigress Financial increased their price target on shares of Microsoft from $433.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, The Goldman Sachs Group increased their price target on shares of Microsoft from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $408.56.

View Our Latest Research Report on Microsoft

Microsoft Trading Down 0.3 %

Shares of MSFT stock opened at $408.59 on Wednesday. The company’s 50-day moving average price is $380.47 and its 200-day moving average price is $350.87. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.40 and a beta of 0.88. Microsoft has a twelve month low of $242.95 and a twelve month high of $413.05.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.18. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same quarter in the previous year, the company posted $2.32 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts predict that Microsoft will post 11.15 earnings per share for the current year.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 24,681 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $369.00, for a total value of $9,107,289.00. Following the completion of the transaction, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. DGS Capital Management LLC increased its position in Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares during the period. Altus Wealth Group LLC lifted its stake in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC lifted its stake in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its stake in shares of Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

About Microsoft

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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