Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Here's Why Mizuho Remains Bullish On Microsoft

  • 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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
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
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.