Raymond James analyst Robert Majek reiterated a Buy rating on Microsoft (MSFT) today and set a price target of $235.00. The company’s shares closed last Tuesday at $213.25.
According to TipRanks.com, Majek is a 1-star analyst with an average return of -4.0% and a 26.3% success rate. Majek covers the Technology sector, focusing on stocks such as Limelight Networks, Citrix Systems, and ServiceNow.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $247.65 average price target, representing a 17.0% upside. In a report issued on October 13, UBS also initiated coverage with a Buy rating on the stock with a $243.00 price target.
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The company has a one-year high of $232.86 and a one-year low of $132.52. Currently, Microsoft has an average volume of 31.7M.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSFT in relation to earlier this year.
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.
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.
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