Investors Take A Relaxed Stance Toward Microsoft Corporation (MSFT), Intel Corporation (INTC) - The RNS Daily

Over the past 52 weeks Microsoft Corporation (NASDAQ:MSFT) has embarked on a rally that has seen it rise 20.04% and is now up by 9.97% since start of this year. The equity price sank -0.59% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 8.68% gain over the past 30 days. Its equity price climbed by 1.37% over the past three months which led to its overall six-month decrease to stand at -0.22%.

Experts from research firms are bullish about the near-term performance of Microsoft Corporation with most of them predicting a $125.45 price target on a short-term (12 months) basis. The average price target by the analysts will see a 12.31% rise in the stock and would lead to MSFT’s market cap to surge to $963.46B. The stock has been rated an average 1.7, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 34 analysts that track Microsoft Corporation (NASDAQ:MSFT) and find out that 2 of them rated it as a Hold. 31 of the 32 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at MSFT technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 66.03 point. Its trading volume has lost -17000000 shares compared to readings over the past three months as it recently exchanged 18953412 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 35560000 shares, and this is 0.53 times the normal volume.

Analysts have predicted a price target for Intel Corporation (INTC) for 1 year and it stands at an average $53.46/share. This means that it would likely increase by -0.41% from its current position. The current price of the stock has been moving between $53.11 and $53.99. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $38. On the other hand, one analyst is super bullish about the price, setting a target as high as $65.

Analysts view Intel Corporation (NASDAQ:INTC) as a Hold, with 2.7 consensus rating. Reuters surveyed 38 analysts that follow INTC and found that 13 of those analysts rated the stock as a Hold. The remaining 25 were divided, with 17 analyst rating it as a Buy or a Strong Buy while 8 analysts advised investors to desist from buying Intel Corporation (INTC) shares or sell it if they already own it.

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