JP Morgan Maintains Overweight on Microsoft, Raises Price Target to $385
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Murphy has maintained an 'Overweight' rating on Microsoft (NASDAQ:MSFT) and raised the price target from $350 to $385.
July 19, 2023 | 1:39 pm
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POSITIVE IMPACT
JP Morgan has maintained an 'Overweight' rating on Microsoft and raised the price target from $350 to $385, indicating a positive outlook for the company.
The raised price target by JP Morgan indicates their belief in Microsoft's strong future performance. This could lead to increased investor confidence and potentially a rise in Microsoft's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100