Why Microsoft (MSFT) is a Top Stock for the Long-Term (2024)
Zacks Equity Research
·1 min read
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems.
On February 1, 2016, MSFT was added to the Zacks Focus List at $55.09 per share. Shares have increased 614.96% to $393.87 since then.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $11.14. MSFT boasts an average earnings surprise of 7.8%.
Additionally, Microsoft's earnings are expected to grow 13.6% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like MSFT, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems. On February 1, 2016, MSFT was added to the Focus List at $55.09 per share.
MSFT boasts an average earnings surprise of 8.8%. Earnings for Microsoft are forecasted to see growth of 18.6% for the current fiscal year as well. Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable.
Another AI Announcement Is Why. Microsoft stock was climbing Thursday after the tech company announced that Copilot for Security, a generative AI tool for businesses to fight cybersecurity attacks, will launch on April 1.
Can Microsoft stock reach $1,000? It's certainly not expected to in the near term. The algorithmic forecasts of Wallet Investor (as of 2 December 2022) looked five years ahead and predicted the price could more than double to $502.288 by mid-November 2027.
Microsoft stock prediction for 1 year from now: $ 578.08 (44.84%) Microsoft stock forecast for 2025: $ 502.51 (25.90%)Microsoft stock prediction for 2030: $ 1,589.87 (298.34%)
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