MSFT Stock: $249 Price Target By Barclays

By Amit Chowdhry ● October 26, 2020
  • The stock price of Microsoft (NASDAQ:MSFT) has received a price target increase from Barclays analyst Raimo Lenschow. These are the details.

The stock price of Microsoft (NASDAQ:MSFT) has received a price target increase from Barclays analyst Raimo Lenschow. Lenschow increased the price target from $234 to $249 and an Overweight rating is being maintained. Lenschow cited moving software valuations to 2022 as the new base year, according to The Fly.

Barclays is not the only financial firm to upgrade Microsoft’s price target. Stifel Nicolaus increased the price target from $220 to $245. And Jefferies Financial Group also increased the price target from $240 to $260. Plus Mizuho also increased the price target from $240 to $255.

Microsoft will be reporting its Q1 fiscal 2021 results on Tuesday, October 27.

Disclosure: I have a small MSFT position in my portfolio.