Bernstein Maintains Outperform on Microsoft, Lowers Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Mark Moerdler maintains an Outperform rating on Microsoft but slightly lowers the price target from $501 to $500.
October 25, 2024 | 11:51 am
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NEUTRAL IMPACT
Bernstein analyst Mark Moerdler maintains an Outperform rating on Microsoft, indicating continued confidence in the company's performance. However, the price target is slightly lowered from $501 to $500, suggesting a minor adjustment in expected valuation.
The Outperform rating suggests positive expectations for Microsoft's stock, but the slight reduction in the price target indicates a minor adjustment in valuation expectations. This is likely to have a neutral short-term impact on the stock price as the change is minimal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100