Why Microsoft Stock Just Dropped
Microsoft (NASDAQ: MSFT) stock slipped 2.5% through 2:25 p.m. ET Thursday after Stifel analyst Brad Reback lowered his price target on the tech stock this morning, and maintained only a "hold" rating.
Reback thinks Microsoft stock is worth $400 a share -- and it costs less than $357 as of this writing -- but that's still not cheap enough to convince Reback to rate it a "buy."
Image source: Microsoft.
Source Fool.com
Microsoft Corp. Stock
€310.20
-3.670%
Our community is currently high on Microsoft Corp. with 160 Buy predictions and 5 Sell predictions.
With a target price of 508 € there is a hugely positive potential of 63.77% for Microsoft Corp. compared to the current price of 310.2 €.
