Barclays Maintains Overweight on Microsoft, Raises Price Target to $475
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Overweight rating on Microsoft (NASDAQ:MSFT) and increased the price target from $421 to $475.
January 31, 2024 | 10:52 am
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Barclays has reaffirmed its Overweight rating on Microsoft and raised the price target from $421 to $475, indicating a positive outlook on the stock.
The increase in price target by a major financial institution like Barclays typically signals confidence in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
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