TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Morgan Stanley’s Wiess sees another 10% upside in Microsoft stock

by souhaib
September 14, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Microsoft Corp (NASDAQ: MSFT) has had a fantastic run in the stock market this year, with shares up about 40% year-to-date. Shareholders, however, might be in for more in the upcoming months, says Morgan Stanley’s Keith Wiess.

Wiess reiterates Microsoft at ‘overweight’

In a note on Tuesday, Wiess reiterated his ‘overweight’ rating on MSFT and raised the price target to $331 that represents another 10% upside from here. Previously, the analyst had a PT of $305 on the stock.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Additionally, Wiess expects Microsoft to raise its dividend by more than 10% this year, from 56 cents per share to 62 cents per share. The estimate he dubbed “conservative” is in line with the dividend hike in the past three years.

Microsoft usually announces an increase in its dividend by mid-September. The news comes weeks after the American multinational pledged $20 billion to cybersecurity.

Reasons that support an over 10% increase in dividend

Wiess also sees a possibility of a bigger increase in dividend on another year of more than 20% growth in Microsoft’s operating income. The tech giant’s dividend yield will stand at about 0.8% (below historical levels) if it hikes its dividend by over 10% this year.

“The combination of strong and durable revenue growth and expanding margins should result in mid to high teens growth in operating income going forward, which should provide support for a dividend increase beyond 10%.”

Other reasons cited for the dividend hike forecast include the strength of the balance sheet. With $130 billion in cash and equivalents, the analyst noted, Microsoft is well-positioned to increase its per-share dividend by more than 10%.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

eToro






10/10

67% of retail CFD accounts lose money



Source link

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Lewandowski adds Bayern’s second goal against Barcelona in the 56th minute.. Video

Next Post

Donald Trump’s political style spreads across the world

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Donald Trump's political style spreads across the world

No Result
View All Result

Recent Posts

  • The euro remains stable around 1,055 dollars By EFE
  • Smitten Adele and Rich Paul sit court-side at an NBA game – after moving in to £47m mansion together
  • New version of “The paper house” arrives on Netflix
  • Dozens of countries commit at the UN to treat migrants better
  • Video clips confirm the testimony of a journalist accompanying Sherine Abu Akleh | News reports

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.