Macquarie Reiterates Outperform on Microsoft, Maintains $405 Price Target
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Sarah Hindlian has reiterated an Outperform rating on Microsoft (NASDAQ:MSFT) and maintained a price target of $405. This reaffirmation of the stock's potential could influence investor sentiment and market performance of Microsoft shares in the short term.

November 20, 2023 | 3:56 pm
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POSITIVE IMPACT
Macquarie's reiteration of an Outperform rating and maintenance of a $405 price target for Microsoft may positively influence investor sentiment and support the stock's price in the short term.
Analyst ratings, especially from reputable firms like Macquarie, can significantly impact investor sentiment. The reiteration of an Outperform rating and a high price target suggests confidence in Microsoft's future performance, which could lead to increased investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100