Wedbush Reiterates Outperform on Microsoft, Maintains $425 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has reiterated an Outperform rating on Microsoft (NASDAQ:MSFT) and maintained a price target of $425.
November 20, 2023 | 1:48 pm
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POSITIVE IMPACT
Wedbush analyst Daniel Ives reaffirms an Outperform rating on Microsoft and keeps a $425 price target, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a prominent analyst like Daniel Ives suggests a strong conviction in Microsoft's future performance. Maintaining a high price target of $425 indicates an expectation of the stock's growth potential, which could positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100