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

Other analysts have also boosted their price targets for the stock

   

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

microsoft sign 630 flickr 300x200 UBS Raises MSFT Price Target to $46, Jeffries to $47Analysts 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.

MicrosoftNew185 UBS Raises MSFT Price Target to $46, Jeffries to $47
Microsoft: MSFT Stock Looks a Heckuva Lot More Interesting Now!

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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