Wedbush Maintains Outperform on Microsoft, Raises Price Target to $425
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has maintained an Outperform rating on Microsoft (NASDAQ:MSFT) and increased the price target from $400 to $425.
November 16, 2023 | 2:22 pm
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POSITIVE IMPACT
Wedbush analyst Daniel Ives reaffirmed an Outperform rating on Microsoft and raised the price target from $400 to $425, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Daniel Ives suggests a strong conviction in Microsoft's future performance. This typically instills confidence in investors and can lead to a short-term increase in the stock price as market sentiment becomes more bullish.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100