With Price Target At $40, Wall St. Still Likes Microsoft (MSFT)
Shares of Microsoft (MSFT) have pulled back a lot recently and now trade at a little over $33. Not long ago, they were are $37.50.
A look at the Thomson/First Call analyst estimates for Redmond show that the mean and median price targets for the stock are around $40. The poll covers 23 analysts.
Recommendations on the stock are also still strong. The shares rate a 2.1 mean recommendation on a scale of 1 to 5 with 1 being a strong buy and 5 a strong sell.
It’s a long way from $33 to $40. Microsoft has not seen the higher number in years. It may just be too ambitious.
Douglas A. McIntyre