Wells Fargo Believes Microsoft (MSFT) Won’t Stop Here


Wells Fargo analyst Philip Winslow maintained a Buy rating on Microsoft (MSFT) today. The company’s shares closed last Monday at $182.83, close to its 52-week high of $190.70.

According to TipRanks.com, Winslow is a 5-star analyst with an average return of 13.2% and a 74.0% success rate. Winslow covers the Technology sector, focusing on stocks such as Zoom Video Communications, Palo Alto Networks, and Citrix Systems.

Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $208.05, which is a 14.0% upside from current levels. In a report issued on May 27, Summit Redstone Partners also initiated coverage with a Buy rating on the stock with a $220.00 price target.

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Microsoft’s market cap is currently $1386.5B and has a P/E ratio of 30.60. The company has a Price to Book ratio of 21.19.

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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