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Benzinga

Anusuya Lahiri

Here's Why This Analyst Remained Bullish On Microsoft

Microsoft Nasdaq Ivan Feinseth Microsoft Corp metaverse

Tigress Financial Partners analyst Ivan Feinseth reiterated its Buy rating on Microsoft Corp (NASDAQ:MSFT) and maintained the price target of $411 as growth in Cloud continues to drive strong business performance.
The recent pullback in price is a significant buying opportunity.
Accelerating enterprise digitalization driving increasing IT spending will continue to drive accelerating Business Performance trends.
MSFT continues to emerge as a dominant force in gaming and prepares to expand into the Metaverse with the recently announced acquisition of industry-leading game developer Activision Blizzard, Inc (NASDAQ:ATVI).
MSFT’s strong balance sheet and cash flow will continue to fund ongoing growth initiatives and business-expanding strategic acquisitions and enhance shareholder returns through further dividend increases and share repurchases.
Price Action: MSFT shares traded higher by 1.23% at $258.49 on the last check Friday.

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