why Microsoft Corporation [MSFT] is a Good Choice for Investors After New Price Target of $479.41

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Microsoft Corporation [NASDAQ: MSFT] gained 0.59% or 2.42 points to close at $414.74 with a heavy trading volume of 12476359 shares.

The daily chart for MSFT points out that the company has recorded 14.19% gains over the past six months.

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If we look at the average trading volume of 20.41M shares, MSFT reached to a volume of 12476359 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Microsoft Corporation [MSFT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MSFT shares is $479.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MSFT stock is a recommendation set at 1.24. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Microsoft Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 17, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $455 to $465. The new note on the price target was released on April 12, 2024, representing the official price target for Microsoft Corporation stock. Previously, the target price had yet another raise from $465 to $520, while Morgan Stanley kept a Overweight rating on MSFT stock.

The Average True Range (ATR) for Microsoft Corporation is set at 7.63, with the Price to Sales ratio for MSFT stock in the period of the last 12 months amounting to 13.03. The Price to Book ratio for the last quarter was 12.18, with the Price to Cash per share for the same quarter was set at 10.77. Price to Free Cash Flow for MSFT in the course of the last twelve months was 43.68 with Quick ratio for the last quarter at 1.23.

Trading performance analysis for MSFT stock

Microsoft Corporation [MSFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.99. With this latest performance, MSFT shares dropped by -3.08% in over the last four-week period, additionally plugging by 14.19% over the last 6 months – not to mention a rise of 32.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MSFT stock in for the last two-week period is set at 54.43, with the RSI for the last a single of trading hit 58.63, and the three-weeks RSI is set at 52.85 for Microsoft Corporation [MSFT]. The present Moving Average for the last 50 days of trading for this stock 413.75, while it was recorded at 412.10 for the last single week of trading, and 372.29 for the last 200 days.

Microsoft Corporation [MSFT]: A deeper dive into fundamental analysis

Microsoft Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 1.24.

Microsoft Corporation [MSFT]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MSFT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Microsoft Corporation go to 16.24%.

An analysis of Institutional ownership at Microsoft Corporation [MSFT]

There are presently around $2.78 trillion, or None% of MSFT stock, in the hands of institutional investors. The top three institutional holders of MSFT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MSFT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MSFT stock with ownership which is approximately 5.8386%.

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