Is Microsoft Stock a Buy?
(NASDAQ: MSFT) stock recently set a new all-time high, eclipsing the record that shares reached just before markets started tanking in early 2022. The stock is up over 40% so far in 2023. Along with some positive news about Microsoft's efforts related to artificial intelligence (AI), a big factor in the rally has also been the surging Nasdaq Composite index, which is up 29% so far this year.
Microsoft's huge gains so far this year raise questions about whether investors can still see good returns from buying the stock at today's prices. Let's take a closer look at whether this diversified tech business is a good fit for long-term investors' portfolios.
It's not hard to see why Wall Street is more optimistic about Microsoft lately. In late April, the company announced improving growth trends, with year-over-year revenue gains landing at 10% compared to just 2% in the prior quarter. Its cloud and enterprise services all saw strong demand even as economic growth rates slowed in some markets.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 1 Sell predictions.
With a target price of 420 € there is a slightly positive potential of 6.36% for Microsoft Corp. compared to the current price of 394.9 €.
