Microsoft (MSFT) is one of the definite top tech stocks despite the case that the stock is presently going down with the latest closing, trading just below 120$ per share.
When it comes to year to date performance at the beginning of Q2 2019, MSFT stocks gained 17.44%, showcasing a positive pace of growth with market capitalization of over 822 billion dollars.
During the period of past two years MSFT stocks gained 64% in oppose to 16% gained by S&P 500 for the same period, while the stock showcased 193% in the period of the last five years. We have seen Microsoft rising from the ashes after a turbulent period between 2010 and 2014, however, MSFT appears to be a growth stock despite the past turmoil.
Microsoft Stock Predictions for 2019: Is MSFT Stock a Buy or Sell?
Back in 2017, MSFT shares gained 37%, following 20% of gains in 2018, and 17% in the period from April 2018 to April 2019.
According to CNN Business, a group of 30 analysts have agreed to provide a median price target of 127$ for Microsoft Corporation, in addition to the low estimated price of 75$ in the following year, and high price target of 160$ for the same period.
When it comes to the current status of MSFT stock, 34 polled investment analysts have made a consensus that Microsoft stock should be ranked as “buy”, while the same status has been on the force since March 2019 and it remains unchanged even at the beginning of Q2 2019.
Out of 34 polled investment analysts, 28 have agreed that MSFT should be ranked as “buy”, two analysts voted that Microsoft stocks outperformed, three analysts suggested rank “hold” and only one considers that MSFT should be ranked as “sell”.
Based on the general consensus among the polled analysts, Microsoft represents a strong buy, while the highest price target for MSFT by April 2020 is set at 160$ per share.