Microsoft (MSFT) Stock Price: Why It Increased 1.09% Today

By Amit Chowdhry ● Jun 17, 2022
  • The stock price of Microsoft Corporation (NASDAQ: MSFT) increased by 1.09% today. This is why.

The stock price of Microsoft Corporation (NASDAQ: MSFT) increased by 1.09% today. Investors are responding positively to a bullish research report.

Morgan Stanley analyst Keith Weiss reiterated an “Overweight” rating on the shares. Weiss assigned the company a $372 price target.

Weiss adjusted the rating after a conversation with Microsoft CFO Tim Stuart. And Stuart confirmed the belief that Microsoft’s Gaming franchise build-out is hitting an overdrive.

“Utilizing the company’s breadth in content, expanding community, and industry-leading cloud offerings, Microsoft is further building out its holistic gaming platform that is expected to see robust growth over the next 12 months,” wrote Weiss in a research note.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.