Wells Fargo Maintains Overweight on Microsoft, Raises Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an 'Overweight' rating on Microsoft (NASDAQ:MSFT) and raised the price target from $380 to $400.
July 19, 2023 | 12:29 pm
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Microsoft's price target has been raised from $380 to $400 by Wells Fargo, maintaining an 'Overweight' rating.
The raised price target indicates the analyst's increased confidence in Microsoft's future performance. This could potentially attract more investors, driving the stock price up in the short term.
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