Skip to main content

Nasdaq MSFT MicroSoft

Down 30%, Is It Safe to Invest in the Nasdaq Right Now?

4 years 3 months ago
The Nasdaq Composite Index -- along with the Nasdaq-100 Index, which the popular Invesco QQQ (NASDAQ: QQQ) ETF tracks -- is among the most closely watched, technology-focused U.S. stock indexes. Its influence on equity prices is so great that one might discern a chicken-and-egg d

3 Tech Stocks To Watch In The Stock Market Today

4 years 3 months ago
Here Are 3 Tech Stocks For Your July 2022 Watchlist TodayFor investors wondering whether the stock market is open today, that would be a no. However, investors may still be looking for stocks to place in their watchlist, and tech stocks could be a viable play. With the Federal Re

Can Microsoft be a Long-Term Winner?

4 years 3 months ago

Microsoft Corp. (NASDAQ: MSFT) has fallen more than 23% in the first half of 2022, compared with the S&P 500 (SPX) loss of over 20%.

Macroeconomic uncertainty has caused relentless volatility in the market, pushing most of the indices down globally. Despite the broad sell-off in the market, the tech giant has emerged triumphant with upbeat quarterly numbers over the past few quarters, riding on its cloud strength and a diversified business model. 

Additionally, the company expects decent numbers in the June quarter on the back of strength across all its segments, including Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. However, unfavorable foreign exchange movement is expected to be a spoilsport. 

In the recent quarterly earnings release, Microsoft CEO Satya Nadella commented, “Going forward, digital technology will be the key input that powers the world’s economic output. Across the tech stack, we are expanding our opportunity and taking share as we help customers differentiate, build resilience, and do more with less.” 

Despite recording upbeat numbers, Microsoft could face the brunt of an impending recession. As a result, keeping an eye on economic issues, the company is taking cost-control measures such as a pause in hiring and other initiatives to weather the storm. 

Nevertheless, in the fast-growing digital world, the wide acceptance of the company’s Azure and growing gaming business is likely to keep Microsoft afloat even in worsening economic conditions. 

Wall Street’s Take 

Recently, Morgan Stanley analyst Keith Weiss maintained a Buy rating and a price target of $372 (43.31% upside potential). 

Consensus among analysts is a Strong Buy based on 26 Buys versus one Hold. The average Microsoft price target of $352.57 implies 35.82% upside potential from current levels.

Additionally, Microsoft scores an 8 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. 

Bloggers Weigh In 

Bloggers seem enthused by the company’s fundamentals. TipRanks data shows that financial blogger opinions are 91% Bullish on MSFT, compared to a sector average of 65%.

Bottom-Line 

Given Microsoft’s strong fundamentals, cloud strength, and long-term growth prospects, investors can consider the current price level as a promising buying opportunity. 

Read full Disclosure 

Checked
27 minutes 39 seconds ago
This feed is responsible for generating the rss feed related to the topic MSFT
Subscribe to Nasdaq MSFT MicroSoft feed