Standpoint Research Upgrades Microsoft (MSFT) to Buy after 15% 3-Month Drop
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Price: $34.98 -0.06%
Rating Summary:
22 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
22 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade MSFT Now!
Standpoint Research upgraded Microsoft (NASDAQ: MSFT) from Hold to Buy with a price target of $32.00 saying shares once again looks attractive.
Analyst Ronnie Moas notes, "We have gone in-and-out of MSFT twice in the last four years; see bottom table. Since we last exited MSFT in September 2011 the shares have underperformed the Nasdaq and the S&P-500 by 1500 basis points. The stock has dropped 15% in the last three months and once again looks attractive (especially relative to the S&P).
MSFT seems to be on track to compete with its current strategy, well-received new products [Xbox, Windows 8, Surface and Office]and upgrades."
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $27.32 yesterday, with a 52 week range of $25.29-$32.95.
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Analyst Ronnie Moas notes, "We have gone in-and-out of MSFT twice in the last four years; see bottom table. Since we last exited MSFT in September 2011 the shares have underperformed the Nasdaq and the S&P-500 by 1500 basis points. The stock has dropped 15% in the last three months and once again looks attractive (especially relative to the S&P).
MSFT seems to be on track to compete with its current strategy, well-received new products [Xbox, Windows 8, Surface and Office]and upgrades."
For an analyst ratings summary and ratings history on Microsoft click here. For more ratings news on Microsoft click here.
Shares of Microsoft closed at $27.32 yesterday, with a 52 week range of $25.29-$32.95.
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