Microsoft: Jefferies raises target price
(CercleFinance.com) - On Monday an analyst at Jefferies said that he is raising his target price for the Microsoft share, while confirming his "Buy" rating.
"We expect the company to deliver strong F4Q results amid COVID and a conservative guide per norm," the broker said.
Jefferies has therefore raised its target price for the share from 200 dollars to 240 dollars (18% upside potential).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We expect the company to deliver strong F4Q results amid COVID and a conservative guide per norm," the broker said.
Jefferies has therefore raised its target price for the share from 200 dollars to 240 dollars (18% upside potential).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.