Oppenheimer analyst Timothy Horan maintained a Buy rating on Microsoft (NASDAQ: MSFT) on October 19 and set a price target of $127. The company’s shares closed yesterday at $109.63.
According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.3% and a 75.3% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.
Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $123.40, a 12.6% upside from current levels. In a report issued on October 5, Credit Suisse also upgraded the stock to Buy with a $125 price target.
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Based on Microsoft’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $30.04 billion and net profit of $8.87 billion. In comparison, last year the company earned revenue of $24.43 billion and had a net profit of $6.58 billion.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.
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