Microsoft (MSFT) stock was up on Tuesday after the tech company’s Xbox division announced a new way to game on the go. A new expansion for Xbox Cloud Gaming (Beta) will allow owners of select vehicles to play games while on the road. This is thanks to a collaboration with LG Electronics and the use of its webOS Automotive Content Platform (ACP).
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With this collaboration, members of the Xbox Cloud Gaming (Beta) will have access to their game libraries in vehicles with internet connections. This will allow them to stream hundreds of Xbox games to the vehicle for play. Xbox noted that this will include popular titles like Gears of War: Reloaded and Forza Horizon 5, as well as upcoming games, such as The Outer Worlds 2.
Xbox pointed out that this collaboration will follow driving safety regulations. It also provided some examples of how to use the service. Among them are playing games while waiting for an electric vehicle (EV) to charge, or allowing passengers to play games during an extended road trip.
Microsoft Stock Movement Today
Microsoft stock was up 0.15% on Tuesday, extending a 19.02% rally year-to-date. The company’s shares have also gained 20.28% over the past 12 months. While Xbox is a big business for Microsoft, it also has other offerings to consider, such as its Windows operating system for computers and its artificial intelligence (AI) development.
Is Microsoft Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Microsoft is Strong Buy, based on 33 Buy and a single Hold rating over the past three months. With that comes an average MSFT stock price target of $623.50, representing a potential 25.02% upside for the shares.
