tl;dr
Microsoft (NASDAQ:MSFT) shares saw a 0.6% increase in premarket trading on Wednesday following a buy rating initiation from Truist Securities. Analyst Joel Fishbein, who provided a $600 three-year price target for the stock, highlighted the potential for continued growth driven by artificial intelli...
Microsoft (NASDAQ:MSFT) shares saw a 0.6% increase in premarket trading on Wednesday following a buy rating initiation from Truist Securities. Analyst Joel Fishbein, who provided a $600 three-year price target for the stock, highlighted the potential for continued growth driven by artificial intelligence, Azure cloud services, and the recent launch of Microsoft 365 Copilot. He also emphasized Microsoft's position as the top market share gainer in cloud security, indicating strong growth prospects as more companies transition to the cloud.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company, specializing in computer software, consumer electronics, personal computers, and related services. It is renowned for its Microsoft Windows operating systems, Microsoft Office suite, and Internet Explorer and Edge web browsers, as well as its Xbox video game consoles and Microsoft Surface lineup of touchscreen personal computers. In 2020, Microsoft ranked No. 21 in the Fortune 500 rankings of the largest United States corporations by total revenue. As of 2016, it was the world's largest software maker by revenue. In the U.S. information technology industry, it is considered one of the Big Five companies, alongside Google, Apple, Amazon, and Facebook.
Financial Data:
- Total Revenue: $275.96 billion
- Stock Price: $35.98
- Dividend Yield: 2.79%
- Price to Earnings Ratio: 10.32
- Market Cap: $29.35 billion
- Relative Strength Index: 0.353
- Volume: 218.31 million
- 52-Week High: $376.37
- 52-Week Low: $0.272
- Dividend Payout Ratio: 0.128
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.