Morgan Stanley believes in Microsoft. Stock idea for 25/01/2024
As reported by Reuters, Morgan Stanley has raised its target price for Microsoft Corporation shares from 415 USD to 450 USD. The bank is optimistic about the further strengthening of Microsoft's position in IT budgets, thanks to GenAI's robust portfolio. Morgan Stanley believes MSFT's continued growth potential is driven by the company's strategic alignment with critical long-term trends in the software industry.
So, today, we will examine the Microsoft Corporation (NASDAQ: MSFT) stock chart.
On the D1 timeframe, resistance at 398.67 was broken through, and support formed at 393.59. If quotes consolidate at the 398.67 level, the upward trend may continue.
On the H1 timeframe, a rebound from the 398.67 level could set a short-term target for a price increase at 420.00, while in the medium term, it could hover around 450.00.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
So, today, we will examine the Microsoft Corporation (NASDAQ: MSFT) stock chart.
On the D1 timeframe, resistance at 398.67 was broken through, and support formed at 393.59. If quotes consolidate at the 398.67 level, the upward trend may continue.
On the H1 timeframe, a rebound from the 398.67 level could set a short-term target for a price increase at 420.00, while in the medium term, it could hover around 450.00.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.