Credit Suisse analyst Brad Zelnick maintained a Buy rating on Microsoft (NASDAQ: MSFT) yesterday and set a price target of $115. The company’s shares closed yesterday at $101.67, close to its 52-week high of $101.86.
Zelnick noted:
“We believe the acquisition brings opportunities for product integration (e.g. bundling GitHub and Visual Studio) and further Azure adoption, leveraging Microsoft’s Intelligent Cloud development tools and infrastructure for GitHub’s 28+ million developers and 85 million code repositories.”
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 10.9% and a 70.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Cornerstone Ondemand, and Ultimate Software.
Currently, the analyst consensus on Microsoft is Strong Buy and the average price target is $113.47, representing an 11.6% upside.
In a report issued on May 24, Bernstein also reiterated a Buy rating on the stock with a $123 price target.
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The company has a one-year high of $101.86 and a one-year low of $68.02. Currently, Microsoft has an average volume of 29.74M.
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