After Tigress Financial and Evercore ISI gave Microsoft (NASDAQ: MSFT) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Timothy Horan maintained a Buy rating on Microsoft today and set a price target of $127. The company’s shares opened today at $114.26, close to its 52-week high of $115.29.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 19.3% and a 80.6% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.
Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $121, implying a 5.9% 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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The company has a one-year high of $115.29 and a one-year low of $72.92. Currently, Microsoft has an average volume of 24.52M.
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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