Wells Fargo Believes Microsoft (MSFT) Still Has Room to Grow


In a report released today, Philip Winslow from Wells Fargo maintained a Buy rating on Microsoft (NASDAQ: MSFT). The company’s shares opened today at $113.98, close to its 52-week high of $115.29.

According to TipRanks.com, Winslow is a 5-star analyst with an average return of 13.3% and a 73.7% success rate. Winslow covers the Technology sector, focusing on stocks such as Citrix Systems, Salesforce.com, and Check Point.

Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $120.82, representing a 6.0% upside. In a report issued on September 19, Credit Suisse also maintained a Buy rating on the stock with a $125 price target.

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The company has a one-year high of $115.29 and a one-year low of $73.17. Currently, Microsoft has an average volume of 24.1M.

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.

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