Credit Suisse Reaffirms Their Buy Rating on Microsoft (MSFT)
In a report issued on November 16, Brad Zelnick from Credit Suisse maintained a Buy rating on Microsoft (MSFT), with a price target of $125. The company’s shares closed on Friday at $108.29.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 6.5% and a 63.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Instructure Inc, and Salesforce.com.
Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $124.11.
See today’s analyst top recommended stocks >>
Based on Microsoft’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $28.99 billion and net profit of $8.82 billion. In comparison, last year the company earned revenue of $24.43 billion and had a net profit of $6.58 billion.
Based on the recent corporate insider activity of 97 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.
Read More on MSFT: