Microsoft Corp. Upgraded to Overweight at Barclays (MSFT)
Microsoft Corp. (NASDAQ:MSFT) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Friday, Stock Ratings Network.com reports. The firm currently has a $42.00 target price on the stock, up from their previous target price of $35.00. Barclays’ price target indicates a potential upside of 16.54% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Monday. Separately, analysts at Zacks upgraded shares of Microsoft Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $38.00 price target on the stock. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $35.75.
In other Microsoft Corp. news, EVP Tami Reller sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $37.35, for a total transaction of $216,630.00. Following the completion of the sale, the executive vice president now directly owns 461,774 shares in the company, valued at approximately $17,247,259. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.07. The company had revenue of $18.53 billion for the quarter, compared to the consensus estimate of $17.83 billion. During the same quarter last year, the company posted $0.65 earnings per share. Microsoft Corp.’s revenue was up 15.7% compared to the same quarter last year.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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