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.
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.
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