1 Wall Street Analyst Thinks Microsoft Stock Is Going to $500. Is It a Buy Around $400?
(NASDAQ: MSFT) delivered another impressive earnings report on April 25. Revenue and earnings per share (EPS) respectively grew 17% and 20% year over year for the fiscal 2024 third quarter (ended March 31), and the analyst at Wells Fargo sees more gains in store.
Analyst Michael Turrin raised the price target on Microsoft from $480 to $500 and maintained an overweight (buy) rating on the shares. The new price target represents potential upside of 25% over the current share price of $400.
With the stock already trading at a premium valuation, is that price target realistic?
Source Fool.com
Microsoft Corp. Stock
€391.80
1.500%
With 106 Buy predictions and 1 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 420 € shows a slightly positive potential of 7.2% compared to the current price of 391.8 € for Microsoft Corp..
