Piper Sandler Maintains Overweight on Microsoft, Lowers Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin maintains an Overweight rating on Microsoft but lowers the price target from $485 to $470.
October 18, 2024 | 9:07 am
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Microsoft but lowers the price target from $485 to $470, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Microsoft's performance, but the lowered price target indicates a slightly less optimistic view on its short-term price potential. This could lead to neutral market reactions as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100