Analysts Offer Insights on Technology Companies: Microsoft Corp (NASDAQ: MSFT) and Glu Mobile (NASDAQ: GLUU)

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Microsoft Corp (NASDAQ: MSFT) and Glu Mobile (NASDAQ: GLUU) with bullish sentiments.

Microsoft Corp (NASDAQ: MSFT)

In a report issued on October 10, George O’Connor from Stifel Nicolaus reiterated a Buy rating on Microsoft Corp (NASDAQ: MSFT), with a price target of $80. The company’s shares closed yesterday at $76.42, close to its 52-week high of $76.63.

According to TipRanks.com, O’Connor is a 1-star analyst with an average return of -20.4% and a 50.0% success rate. O’Connor covers the Technology sector, focusing on stocks such as Salesforce.com, Sage Group, and SAP AG.

Currently, the analyst consensus on Microsoft Corp is Moderate Buy and the average price target is $80.71, representing a 5.6% upside.

In a report issued on September 26, Credit Suisse also reiterated a Buy rating on the stock with a $84 price target.
Glu Mobile (NASDAQ: GLUU)

Stifel Nicolaus analyst Drew Crum reiterated a Buy rating on Glu Mobile (NASDAQ: GLUU) on October 9 and set a price target of $3.30. The company’s shares closed yesterday at $3.80, close to its 52-week high of $3.85.

According to TipRanks.com, Crum is a top 100 analyst with an average return of 36.4% and a 87.0% success rate. Crum covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Activision Blizzard, and Electronic Arts.

Currently, the analyst consensus on Glu Mobile is Moderate Buy and the average price target is $3.64, representing a -4.2% downside.

In a report issued on October 3, Roth Capital also reiterated a Buy rating on the stock with a $4.75 price target.

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