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 $111.70, close to its 52-week high of $113.73.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 9.4% and a 72.0% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Everbridge Inc.
Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $121, an 8.3% upside from current levels. In a report issued on September 7, Barclays also maintained a Buy rating on the stock with a $120 price target.
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Based on Microsoft’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $30.04 billion and net profit of $8.87 billion. In comparison, last year the company earned revenue of $23.18 billion and had a net profit of $6.51 billion.
Based on the recent corporate insider activity of 107 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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