Microsoft's Stock Forecast Remains Positive Despite Market Volatility
Technical Analysis Supports Growth Potential
According to recent market data from Nasdaq (NSDQ), Microsoft's (MSFT) stock closed at $41,364 on April 15, 2024, with a decline of -196 points (-826%) on the day. Despite this short-term volatility, the company's long-term prospects remain promising.
Analyst Recommendations
Based on the latest analyst forecasts, Microsoft's 12-month price target stands at $43,674, with an average target of $410. This bullish outlook is supported by the positive recommendations from 35 Wall Street analysts who have recently provided 12-month price targets for the stock.
Of the 39 analysts who have issued 12-month price forecasts for Microsoft, 699 have provided positive recommendations, suggesting a widespread belief in the company's growth potential.
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