Mizuho Raises Price Target On Microsoft, Reiterates Buy Rating

July 16, 2021 8:07 AM | 1 min read | Make a Comment

Mizuho analyst Gregg Moskowitz raised the price target on Microsoft Corp MSFT to $310 from $285, implying a 10.3% upside, and reiterated a Buy rating.
The economic recovery continues to take hold, and recent software channel checks were very healthy overall, Moskowitz stated.
Companies that enable digitization are still leading the way, but many legacy and on-premise technologies continue to normalize, he added.
Additionally, his cybersecurity checks were notably strong this quarter.
Price action: MSFT shares traded higher by 0.21% at $281.61 in the premarket session on the last check Friday.