Microsoft Received its Third Buy in a Row


After KeyBanc and UBS gave Microsoft (NASDAQ: MSFT) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Brad Zelnick maintained a Buy rating on Microsoft yesterday and set a price target of $115. The company’s shares closed yesterday at $96.18, close to its 52-week high of $98.69.

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 10.2% and a 60.0% success rate. Zelnick covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ultimate Software, and Salesforce.com.

Currently, the analyst consensus on Microsoft is Strong Buy and the average price target is $110.47, representing a 14.9% upside.

In a report issued on May 9, KeyBanc also maintained a Buy rating on the stock with a $110 price target.

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Based on Microsoft’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $26.81 billion and net profit of $7.42 billion. In comparison, last year the company earned revenue of $21.92 billion and had a net profit of $4.8 billion.

Based on the recent corporate insider activity of 83 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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