Market Overview

Jefferies Analyst Sees 16% Upside in Microsoft

Related MSFT
Citi: Microsoft Corporation Expected To Boost Dividend 25% This Month
#PreMarket Primer: Tuesday, September 16: World's Largest Brewers Could Join Forces
Tech Rewind: Apple's Cryptic Invite, Banks' Cyber Fight (Fox Business)

In a note released Friday, Jefferies raised the price target for Microsoft (NASDAQ: MSFT) from $42 to $47 and reiterated a Buy rating.

Analyst Ross MacMillan believes Microsoft Office for iPad may be a bigger opportunity than previously expected.

23 percent of consumers are willing to pay $100 per year for access to Microsoft Office on multiple devices, said MacMillian. This may drive $2-$4 incremental value per share for the stock.

Shares of Microsoft have been hot lately, rising 6.8 percent this week alone. However, the price target bump has not moved the stock much today, as shares are flat.

Latest Ratings for MSFT

DateFirmActionFromTo
Sep 2014MKM PartnersInitiates Coverage onBuy
Sep 2014BarclaysMaintainsOverweight
Jul 2014Pacific CrestUpgradesSector PerformOutperform

View More Analyst Ratings for MSFT
View the Latest Analyst Ratings

Posted-In: Jefferies Ross MacMillanAnalyst Color Price Target Reiteration Analyst Ratings

 

Related Articles (MSFT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters