In a report released yesterday, Brad Zelnick from Credit Suisse upgraded Microsoft (NASDAQ: MSFT) to Buy, with a price target of $125. The company’s shares closed yesterday at $112.13, close to its 52-week high of $116.18.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 7.4% and a 69.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Ultimate Software, and Salesforce.com.
Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $121.27, an 8.2% upside from current levels. In a report issued on September 21, Oppenheimer also maintained a Buy rating on the stock with a $127 price target.
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Microsoft’s market cap is currently $860.8B and has a P/E ratio of 53.14. The company has a Price to Book ratio of 10.41.
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.
