Microsoft (NASDAQ:MSFT) Price Target Cut to $480.00 by Analysts at Bank of America

Microsoft ( NASDAQ:MSFT – Get Free Report ) had its price target decreased by stock analysts at Bank of America from $510.00 to $480.00 in a note issued to investors on Tuesday, Benzinga reports.

The brokerage presently has a “buy” rating on the software giant’s stock. Bank of America ‘s price objective points to a potential upside of 29.17% from the stock’s previous close.



A number of other equities analysts have also commented on MSFT. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Jefferies Financial Group reiterated a “buy” rating and issued a $475.00 target price (down previously from $500.00) on shares of Microsoft in a report on Monday, April 7th.

Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Mizuho cut their price objective on Microsoft from $510.

00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Westpark Capital assumed coverage on Microsoft in a report on Tuesday, April 1st.

They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $499.

97. Get Our Latest Stock Analysis on MSFT Microsoft Trading Down 3.7 % Microsoft ( NASDAQ:MSFT – Get Free Report ) last released its quarterly earnings results on Wednesday, January 29th.

The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.

08. Microsoft had a return on equity of 33.36% and a net margin of 35.

43%. During the same quarter in the prior year, the firm posted $2.93 earnings per share.

Analysts expect that Microsoft will post 13.08 EPS for the current fiscal year. Institutional Trading of Microsoft A number of hedge funds and other institutional investors have recently made changes to their positions in MSFT.

WFA Asset Management Corp boosted its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares during the last quarter.

Ironwood Wealth Management LLC. raised its holdings in Microsoft by 0.3% during the second quarter.

Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. AMF Tjanstepension AB boosted its position in Microsoft by 1.

8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after purchasing an additional 49,735 shares during the last quarter. Discipline Wealth Solutions LLC increased its position in shares of Microsoft by 410.

4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of Microsoft by 0.

4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. 71.

13% of the stock is currently owned by institutional investors and hedge funds. About Microsoft ( Get Free Report ) Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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