Morgan Stanley Sees 12% Upside In Microsoft - Read Why

  • Morgan Stanley analyst Keith Weiss has raised the price target on Microsoft Corp MSFT to $331 from $305, implying an 11.5% upside, and reiterated an Overweight.
  • Weiss sees the potential for a 10%-plus increase of the company's dividend. Historically Microsoft announces its annual dividend increases in mid-September. 
  • Given the 32% year-over-year operating income growth seen in FY21, he "conservatively" estimates an increase in the company's quarterly dividend per share to $0.62 from $0.56, supports about a 20% total return profile for Microsoft when combined with the company's high-teens EPS growth, Weiss noted.
  • Price Action: MSFT shares traded higher by 0.60% at $298.76 in the premarket session on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!