Wedbush Remains a Buy on Microsoft (MSFT)

By Austin Angelo

Wedbush analyst Daniel Ives reiterated a Buy rating on Microsoft (MSFTResearch Report) today and set a price target of $170.00. The company’s shares closed last Monday at $137.24, close to its 52-week high of $142.37.

According to, Ives is a 3-star analyst with an average return of 2.1% and a 50.4% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Citrix Systems Inc.

Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $157.33, a 14.9% upside from current levels. In a report issued on October 18, RBC Capital also initiated coverage with a Buy rating on the stock with a $160.00 price target.

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The company has a one-year high of $142.37 and a one-year low of $93.96. Currently, Microsoft has an average volume of 23.67M.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSFT in relation to earlier this year.

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