KeyBanc Believes Microsoft (NASDAQ: MSFT) Won’t Stop Here

By Ryan Adsit

In a report released today, Brent Bracelin from KeyBanc maintained a Buy rating on Microsoft (MSFTResearch Report), with a price target of $143. The company’s shares opened today at $133.88, close to its 52-week high of $134.24.

Bracelin observed:

“We came away from meetings with Microsoft Gaming executives yesterday more encouraged by the strategy around subscriptions, content, partnerships, and Azure as a gaming optimized cloud back-end that suggests this $10B+ segment could sustain healthy growth and improving margins over the next three to five years. While Gaming is a small component of overall revenue at 9.4% of FY18 sales, we see innovations around Game Pass, xCloud, and Project Scarlett as evidence that Microsoft views this as a strategic growth opportunity addressing 2B+ gaming consumers in a $100B+ industry.”

According to, Bracelin is a top 25 analyst with an average return of 30.5% and a 76.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Coupa Software Inc, and

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $142.83 average price target, implying a 6.7% upside from current levels. In a report issued on May 27, Credit Suisse also maintained a Buy rating on the stock with a $145 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $134.24 and a one-year low of $93.96. Currently, Microsoft has an average volume of 25.11M.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock.

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.