- The shares of Microsoft Corporation (NASDAQ: MSFT) have received a price target of $366 from Tigress Financial. These are the details.
The shares of Microsoft Corporation (NASDAQ: MSFT) have received a price target of $366 from Tigress Financial. And Tigress Financial analyst Ivan Feinseth had raised the price target from $303 and is maintaining a “Buy” rating on the company shares.
Feinseth is expecting a strong performance of cloud-based services for driving another quarter of record results. Plus Feinseth cited the company’s recent 11% quarterly dividend increase and the new $60 billion repurchase authorization as the reason for the higher price target. The new share repurchase program does not have an expiration date and could be terminated at any time.
Microsoft’s board of directors had also approved the appointment of Brad Smith as president and vice-chair of Microsoft as well.
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