by Christopher Freeburn | March 25, 2014 10:53 am
Analysts 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.
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