Price Target Watch For Microsoft Corporation (NASDAQ:MSFT) - Wagner Review

Sell-side analysts following Microsoft Corporation (NASDAQ:MSFT) have been making their best calculations on where they believe the stock is heading. Combining estimates from polled analysts used by Zacks Research, we can see that the consensus target price is currently $138.29 on the stock. This number may vary from other data providers providing consensus target estimates. Covering analysts may use different methods in order to create a future target price. Because of the various methods used, price targets may be widely different from one covering analyst to the next.

Investors are always looking for any little advantage when trading the stock market. Scouring all the various data regarding publically traded companies can be overwhelming at times. Once the investor becomes familiar with the basics, they may be able to dive in deeper and focus on the essentials. Creating a winning strategy may not occur overnight. There may be times when even the best crafted plan does not play out as expected. Being flexible and having the proper tools in place can help the investor see the clearer picture when markets get muddy.

Investors may be following some historical price data on shares of Microsoft Corporation (NASDAQ:MSFT). Over the past 12 weeks, the stock has seen a change of 10.06%. If we go back to the beginning of the year, we can see that shares have changed 30.27%. Over the last 4 weeks, shares have seen a change of 2.63%. Over the last 5 trading sessions, the stock has moved 3.52%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $132.6, and the 52-week low is currently $94.13. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $132.32 mark.

We can now shift the focus to some company earnings data. Based on projections provided by 22 individual Wall Street analysts polled by Zacks Research, Microsoft Corporation (NASDAQ:MSFT) has a current quarter EPS consensus estimate of 1.21. For the prior reporting period, the company posted quarterly earnings per share of 1.14. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.

Taking a look at the current consensus broker rating for Microsoft Corporation (NASDAQ:MSFT), we note that the ABR is 1.14. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 21.

When the stock market starts to get volatile, investors might start getting worried about their investments. The natural response is to do something about it and take some action. Sometimes this may be necessary, but sometimes the best way to deal with volatility may be to wait it out and stay the course. It can be scary to watch the portfolio decline, and nobody wants to see their stocks taking a nosedive. Although there is no foolproof strategy to ride out market downturns, investors often agree that having a diversified stock portfolio may be the most logical defense.

Let's block ads! (Why?)