Microsoft (MSFT): New Buy Recommendation for This Technology Giant

Wells Fargo analyst Philip Winslow maintained a Buy rating on Microsoft (MSFTResearch Report) yesterday. The company’s shares closed yesterday at $138.40, close to its 52-week high of $139.22.

According to TipRanks.com, Winslow is a 5-star analyst with an average return of 12.6% and a 74.7% success rate. Winslow covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Citrix Systems Inc, and Salesforce.com.

Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $144.24, which is a 4.2% upside from current levels. In a report issued on June 28, Credit Suisse also maintained a Buy rating on the stock with a $145 price target.

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Based on Microsoft’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $30.51 billion and net profit of $8.81 billion. In comparison, last year the company earned revenue of $30.04 billion and had a net profit of $8.87 billion.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.