Pacific Crest Believes MSFT Still Has Room to Grow

By Carrie Williams

Pacific Crest analyst Brent Bracelin reiterated a Buy rating on Microsoft Corp (NASDAQ: MSFT) yesterday and set a price target of $70. The company’s shares closed yesterday at $64.64, close to its 52-week high of $65.91.

According to TipRanks.com, Bracelin is a 4-star analyst with an average return of 3.9% and a 54.3% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Medidata Solutions.

Currently, the analyst consensus on Microsoft Corp is Strong Buy and the average price target is $71.07, representing a 9.9% upside.

In a report issued on March 7, BMO Capital also reiterated a Buy rating on the stock with a $71 price target.

The company has a one year high of $65.91 and a one year low of $48.04. Currently, Microsoft Corp has an average volume of 22.9M.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. Last month, Mason Morfit, a Director at MSFT sold 4,616,000 shares for a total of $297,282,320.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.