Microsoft (NASDAQ:MSFT) Price Target Raised to $595.00

Microsoft (NASDAQ:MSFT) had its price objective upped by equities researchers at Tigress Financial from $550.00 to $595.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the software giant’s stock. Tigress Financial’s target price would suggest a potential upside of 53.77% from the company’s current price.

MSFT has been the topic of a number of other reports. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Price Performance

MSFT traded down $0.89 during trading on Thursday, hitting $386.93. The company’s stock had a trading volume of 9,262,968 shares, compared to its average volume of 19,229,120. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft has a twelve month low of $376.91 and a twelve month high of $468.35. The business’s fifty day simple moving average is $410.13 and its 200 day simple moving average is $420.08. The firm has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the company earned $2.93 EPS. On average, equities research analysts forecast that Microsoft will post 13.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BCK Partners Inc. raised its position in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares during the period. Muirfield Wealth Advisors LLC raised its position in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC raised its position in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after purchasing an additional 24 shares during the period. Christopher J. Hasenberg Inc raised its position in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. Finally, Sequent Asset Management LLC raised its position in Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.