Wells Fargo raised the firm’s price target on Microsoft (MSFT) to $565 from $515 and keeps an Overweight rating on the shares. The firm recommends investors stay selective through summer in software. However, it ultimately expects another second half of the year rebound across the sector as macro noise dissipates and seasonal buying behavior opens back up.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Oracle Hits a New 52-Week High on Blockbuster Earnings, Analysts Lift Price Targets
- CoreWeave (CRWV) to Power Google-OpenAI Deal with Computing Capacity
- Venture capital firms investing $250M in Musk’s xAI, NY Times reports
- Palantir or Microsoft: Gregg Moskowitz Picks His Top AI Stock Bet
- AI Daily: Disney, Universal sue Midjourney for copyright infringement
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue