Wedbush Maintains Outperform on Microsoft, Raises Price Target to $475
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has maintained an Outperform rating on Microsoft (NASDAQ:MSFT) and increased the price target from $450 to $475.
January 31, 2024 | 2:31 pm
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Wedbush analyst Daniel Ives reaffirms an Outperform rating on Microsoft and raises the price target to $475, 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 participants react to the positive outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100