Microsoft (MSFT) stock was up on Friday alongside leaked information about a new tier of Xbox Game Pass. The tech company is reportedly getting ready to launch a new version of its video game subscription service, titled Xbox Game Pass Starter Edition.
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According to these leaks, Xbox Game Pass Starter Edition will come bundled with a Discord Nitro membership. Nitro is Discord’s subscription service that offers users of the text and voice chat company’s platform additional features. As for the games included in this tier, the leak seems to suggest they will be comparable to those offered through the Xbox Game Pass Essential subscription. This includes more than 50 games, such as Fallout 4.
The new leaked tier for Xbox Game Pass came just a few days after the video game company had announced a price change for its subscription service. The Ultimate tier saw its price cut to $22.99 a month from $29.99, while PC Game Pass’ price was reduced to $13.99 a month from $16.49 a month. However, this price drop also means that the latest Call of Duty games won’t be included in the subscription service at launch.
Microsoft Stock Movement Today
Microsoft stock was up nearly 1% on Friday but was still down 13.25% year-to-date. Even so, the stock has rallied 6.1% over the past 12 months.
MSFT stock trading activity today was limited, as some 11.89 million shares changed hands, compared to a three-month average daily trading volume of about 31.77 million shares.
Is Microsoft Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Microsoft is Strong Buy, based on 34 Buy and two Hold ratings over the past three months. With that comes an average MSFT stock price target of $577.05, representing a potential 37.57% upside for the shares.
