Investors and analysts gained confidence with the company’s latest report
Microsoft stock to hit $200. Source: shutterstock.com
According to LearnBonds, Microsoft stock reached the highest level in history amid analyst’s confidence in durable growth trends.
Microsoft stock price scores a record level of $185 after a second-quarter beat. The company’s share price is up 15% since the beginning of this year, extending the 12-month rally to 71%. The market experts are expecting further development in the nearest time.
The majority of analysts have increased Microsoft share price targets after second-quarter results. RBC (Royal Bank of Canada) provided a $200 price target compared to the prior target of $180.
We see durable growth as the world increasingly moves to the cloud with MSFT uniquely positioned to take an increasingly large percentage of corporate IT budgets in a hybrid world
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