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Credit Suisse Believes Microsoft (MSFT) Still Has Room to Grow


In a report released today, Brad Zelnick from Credit Suisse maintained a Buy rating on Microsoft (NASDAQ: MSFT), with a price target of $125. The company’s shares opened today at $109.38, close to its 52-week high of $112.78.

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 10.6% and a 72.2% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Everbridge Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $120.42 average price target, a 10.1% upside from current levels. In a report issued on August 28, Morgan Stanley also maintained a Buy rating on the stock with a $130 price target.

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The company has a one-year high of $112.78 and a one-year low of $72.92. Currently, Microsoft has an average volume of 24.97M.

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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