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Benzinga
Benzinga
Business
Melanie Schaffer

Here's Why Microsoft Stock Looks Set To Charge Higher

Microsoft Microsoft Corporation Nasdaq Brad Sills

Microsoft Corporation (NASDAQ:MSFT) was lagging the S&P 500 on Tuesday, trading marginally higher compared to the S&P 500, which was soaring over 2%.

A larger move higher may have been stunted by two analyst downgrades. Citigroup analyst Tyler Radke maintained a Buy rating on Microsoft but lowered the price target from $364 to $330 and Mizuho analyst Gregg Moskowitz maintained a Buy rating but lowered the price target from $350 to $340.

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