After Argus Research and Deutsche Bank 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 $120. The company’s shares opened today at $106.87, close to its 52-week high of $111.15.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 18.2% and a 78.7% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Limelight Networks.
Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $120.56, which is a 12.8% upside from current levels. In a report issued on August 7, Credit Suisse also maintained a Buy rating on the stock with a $125 price target.
.
See today’s analyst top recommended stocks >>
Microsoft’s market cap is currently $825.9B and has a P/E ratio of 50.65. The company has a Price to Book ratio of 9.92.
Based on the recent corporate insider activity of 86 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:
