Canaccord Genuity Reiterates a Hold Rating on Microsoft Corp

By Jason Carr

In a report released yesterday, Richard Davis from Canaccord Genuity reiterated a Hold rating on Microsoft Corp (NASDAQ: MSFT), with a price target of $68. The company’s shares closed yesterday at $70.10, close to its 52-week high of $70.74.

According to, Davis is a top 25 analyst with an average return of 24.6% and a 74.7% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Nuance Communications, and Ultimate Software.

Microsoft Corp has an analyst consensus of Strong Buy, with a price target consensus of $74.53.

The company has a one year high of $70.74 and a one year low of $48.04. Currently, Microsoft Corp has an average volume of 22.45M.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. Last month, Mason Morfit, a Director at MSFT sold 7,000,000 shares for a total of $481,950,000.

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