Here's Why Mizuho Remains Bullish On Microsoft

January 18, 2022 8:18 AM | 1 min read | Make a Comment

Mizuho analyst Gregg Moskowitz lowered the firm's price target on Microsoft Corp MSFT to $350 from $360 and reiterated a Buy rating on the shares. The price target implies an upside of 12.8%.
Rising yields and more significant inflation concerns have significantly weighed on software stocks over the last month, Broome notes.
The analyst lowered price targets for most companies to reflect the rising rate environment. However, his basic channel checks have "continued to be very positive."
Broome adds that the software sector's risk/reward has turned favorable, and investors will likely be rewarded over the medium term or sooner.
Price Action: MSFT shares traded lower by 1.84% at $304.50 in the premarket session on the last check Tuesday.