Jefferies Bumps Up Price Target On This Tech Giant By 7%; Remains Bullish

January 6, 2022 11:47 AM | 1 min read | Make a Comment

Jefferies analyst Brent Thill raised the price target on Microsoft Corp MSFT to $400 from $375 and kept a Buy rating on the shares. The price target implies a 26.7% upside.
Despite a "massive 39% outperformance" versus the iShares Expanded Tech-Software Sector ETF in 2021 from Microsoft, he continues to see the potential in the stock as valuation provides downside protection.
However, he notes that revenue deceleration is likely after "phenomenal" 22% year-over-year growth in fiscal Q1 of FY22.
Price Action: MSFT shares traded lower by 0.23% at $315.64 on the last check Thursday.