Guggenheim Downgrades Microsoft (MSFT) to Sell

Guggenheim analyst John DiFucci downgraded Microsoft (NASDAQ: MSFT) from Neutral to Sell with a price target of $212.00.

The analyst comments "We are downgrading to Sell from Neutral and introducing a price target of $212. We don’t necessarily expect MSFT to miss numbers, but they may disappoint investors nevertheless for both F2Q23 and guidance for the year. The stock trades at 11.7x EV/NTM Recurring Revenue and 8.2x EV/Total Revenue, though those forecasts might be optimistic. It also trades at 25.5x EV/NTM FCF. While most investors see MSFT as a large stable business that can weather any storm, it does have vulnerabilities, some of which could be exacerbated by this macro slowdown."

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 $239.23 yesterday.

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