RBC Capital Maintains Outperform on Microsoft, Raises Price Target to $450
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria has maintained an Outperform rating on Microsoft (NASDAQ:MSFT) and increased the price target from $415 to $450, indicating a positive outlook on the company's stock performance.
January 31, 2024 | 4:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
RBC Capital analyst Rishi Jaluria reaffirms an Outperform rating on Microsoft and raises the price target to $450, suggesting confidence in the company's future stock performance.
The increase in price target by RBC Capital reflects a strong positive sentiment towards Microsoft's stock, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Outperform rating and the significant raise from $415 to $450 suggest that the analyst sees substantial growth potential or positive developments that could drive the stock higher.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100