- Mizuho analyst Gregg Moskowitz lowered the firm's price target on Microsoft Corp (NASDAQ:MSFT) to $350 from $360 and reiterated a Buy rating on the shares. The price target implies an upside of 12.8%.
- Rising yields and more significant inflation concerns have significantly weighed on software stocks over the last month, Broome notes.
- The analyst lowered price targets for most companies to reflect the rising rate environment. However, his basic channel checks have "continued to be very positive."
- Broome adds that the software sector's risk/reward has turned favorable, and investors will likely be rewarded over the medium term or sooner.
- Price Action: MSFT shares traded lower by 1.84% at $304.50 in the premarket session on the last check Tuesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Here's Why Mizuho Remains Bullish On Microsoft
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks