's (NASDAQ: MSFT) stock has performed well this year, rising 34.55% compared to the S 500's 9.2% increase. However, some believe the stock is overvalued and has little room for further growth. They point to the company's consensus analyst price target of $323.28, which suggests little upside potential over the next year.

Here's why you should disregard analysts' price targets and focus on two long-term growth drivers instead.

An analyst consensus price target is the average price prediction of all analysts covering a particular stock. It is typically a 12-month forecast that encourages short-term investing. However, there are several reasons why short-term investing can be detrimental to many investors, with the most significant being it is more risky than long-term investing.

Continue reading

Source Fool.com