Wedbush Sticks to Its Buy Rating for Microsoft (MSFT)

In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Microsoft (MSFTResearch Report), with a price target of $155. The company’s shares closed yesterday at $132.10, close to its 52-week high of $134.24.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 5.1% and a 55.1% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Pivotal Software Inc.

Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $142.83, representing an 8.1% upside. In a report issued on May 31, Morgan Stanley also reiterated a Buy rating on the stock with a $145 price target.

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The company has a one-year high of $134.24 and a one-year low of $93.96. Currently, Microsoft has an average volume of 25.07M.

Based on the recent corporate insider activity of 107 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.