Microsoft Stock: Forecast and Analysis
Positive Outlook for the Next 12 Months
Microsoft Corporation's (MSFT) stock has garnered attention recently, with analysts providing long-term price forecasts. According to CNN, the average price target set by 39 analysts covering the stock for the next 12 months is $436.74, with a low estimate of $306 and a high estimate that remains undisclosed.
Bank of America's Optimistic Projection
Bank of America has taken a positive stance on Microsoft's earnings prospects, raising its estimate by $1 billion above its previous forecast of $60.5 billion for the third quarter. This bullish outlook has resulted in an expected 1.66% upside in the stock's value.
Current Stock Price and Market Data
At the close of trading on the date of this article, Microsoft Corporation's (MSFT) stock price stood at $414.58, exhibiting a gain of 0.94% or $3.88 per share. The company's market capitalization is approximately $2.28 trillion as of this writing.
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