Credit Suisse Believes Microsoft (MSFT) Won’t Stop Here
In a report released today, Brad Zelnick from Credit Suisse maintained a Buy rating on Microsoft (MSFT), with a price target of $145. The company’s shares opened today at $138.90, close to its 52-week high of $139.54.
According to TipRanks.com, Zelnick is a top 100 analyst with an average return of 21.2% and a 80.0% success rate. Zelnick covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, SS&C Technologies Holdings, and Pivotal Software Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $146.39 average price target, which is a 5.4% upside from current levels. In a report issued on July 11, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $150 price target.
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Microsoft’s market cap is currently $1064.8B and has a P/E ratio of 30.87. The company has a Price to Book ratio of 11.22.
Based on the recent corporate insider activity of 106 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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