Microsoft Stock Gets Flashy New Price Target From Wells Fargo
Source: GuruFocus.com ·
Several year-end catalysts are lining up at once
From the source
This article first appeared on GuruFocus . Microsoft ( NASDAQ:MSFT ) is getting a fresh bullish call from Wells Fargo, which added the software giant to its fourth-quarter Tactical Ideas list and raised its price target to $725 from $700. The bank sees a favorable setup into year-end as Microsoft prepares to unveil a new reporting structure, host its Ignite conference and potentially show more clearly how its AI investments are translating into revenue. Warning! GuruFocus has detected 3 Warning Sign with MSFT. Is MSFT fairly valued? Test your thesis with our free DCF calculator. Wells Fargo analyst Michael Turrin reiterated an Overweight rating on Microsoft, arguing that the shares look attractive at roughly 25 times earnings. See a favorable tactical setup for shares into 4Q given a [number] of key catalysts, most notably realization of its AI advantages up & down the stack, upcoming Nov. Ignite & new segment reporting, Turrin wrote. The reporting changes could be particularly…