(MSFT)/microsofts-logo-gets-a-makeover.jpg” style=”max-width:123px;margin:20px;float: left” title=”Microsoft ((MSFT)) Received its Third Buy in a Row”/>After Wedbush and Morgan Stanley gave Microsoft (NASDAQ: (MSFT)) a Buy rating last month, the company received another Buy, this time from Evercore ISI. Analyst Kirk Materne maintained a Buy rating on Microsoft yesterday and set a price target of $300.00. The company’s shares closed last Wednesday at $254.56, close to its 52-week high of $263.19.
According to TipRanks.com, Materne is a 5-star analyst with an average return of 28.6% and a 83.6% success rate. Materne covers the Technology sector, focusing on stocks such as Qualtrics International, Cognyte Software, and Snowflake.
Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $298.18, representing a 16.4% upside. In a report issued on April 13, Wedbush also maintained a Buy rating on the stock with a $300.00 price target.
See today’s analyst top recommended stocks >>
Microsoft’s market cap is currently $1919.9B and has a P/E ratio of 39.00. The company has a price to Book ratio of 24.83.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is neutral 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.
Microsoft Corp. is a technology company offering an array of software, services, and solutions as well as devices like personal computers, tablets and gaming consoles. It operates through the following business segments:
• Productivity and Business Processes: generates revenue from Office Commercial and Office Consumer offerings, LinkedIn and Dynamics business solutions.
• Intelligent Cloud: includes public, private and hybrid server products and cloud services.
• More Personal Computing: includes Windows licensing, Windows Commercial products and cloud services, Surface devices and PC accessories, gaming business and search advertising revenue.
The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.