Microsoft Corporation (NASDAQ: MSFT) stock is up 20.55%, proving again that investors are willing to overlook valuation if they’re getting a return on that investment. Microsoft is trading at around 38x forward earnings at a slight premium to its historic average.
That hasn’t stopped investors from putting a floor on the stock. In fact, the consensus price target for MSFT stock is $612.54, which gives investors 20% upside from its closing price on Sept. 18.
