Microsoft’s Stock Gains Further Price Target Increases

Microsoft stock price (NASDAQ: MSFT) has pushed on bullishly over the past 12 months, continuing to set new all time highs at a pace. Even with 40% gains under the belt for MSFT, analysts continue to remain bullish, with the latest upgrade setting the target higher still.

Argus are one of those to have raised the price target on Microsoft, moving from $475.00 to $526.00 whilst retaining a buy rating.

The bullish sentiment towards Microsoft is shared by several equity analysts, with firms such as Piper Sandler, Wedbush, UBS Group, KeyCorp, and Royal Bank of Canada issuing buy ratings for the company's shares. Such widespread analyst support typically bodes well for a stock, suggesting a consensus view that it may have potential for growth.

Noteworthy changes have been observed in hedge fund positions in Microsoft stock. Investment firms including Friedenthal Financial and Neo Ivy Capital Management have made purchases, indicating a positive outlook on the company's prospects among institutional investors.

Microsoft's solid financial performance is also bolstering its stock's appeal. The company reported quarterly earnings on April 25th, with earnings per share of $2.94, thus exceeding the estimates set by industry analysts. Such financial results often serve to reassure investors of a company's health and potential for continued success.

In terms of shareholder returns, Microsoft declared a quarterly dividend of $0.75 per share, which is projected to be paid on September 12th. This dividend corresponds to a yield of 0.65%, providing an additional incentive for shareholders.