UBS Raises MSFT Price Target to $46, Jeffries to $47

Other analysts have also boosted their price targets for the stock

   

MSFTAnalysts at several investment firms have boosted their expectations for Microsoft (MSFT).

On Tuesday, UBS (UBS) boosted its price target for MSFT stock from $43 to $46 per share — roughly 13.6% above its Monday close of $40.50 per share, Zolmax notes.

Jeffries Group issued a research note on Friday increasing their price target for MSFT shares from $42 to $47 per share. That would be about 16% above the Monday closing price of MSFT shares. Jeffries maintains a “Buy” rating for Microsoft shares, Ticker Report notes.

Earlier this month, Cowen and Company increased its price target for Microsoft stock from $39 to $40 per share, while Barclays (BCS) hiked its price target for Microsoft shares from $43 to $44 per share.

Last week, MSFT shares surged on news that new CEO Satya Nadella is preparing to launch a version of Micrsoft’s Windows Office suite that is compatible with Apple’s (AAPL) popular iPads.

MSFT stock sank modestly in Tuesday morning trading. Microsoft stock has gained more than 40% over the past 12 months.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/ubs-raises-msft-price-target-46-jeffries-47/.

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