Freedom Capital’s revised $625 target followed Microsoft’s latest earnings release and accompanying guidance, lifting its estimate by $125.
The revised figure is $25 above the $600 target BMO Capital Markets analyst Keith Bachman set before the results. In an earlier EconoTimes report on Bachman’s pre-earnings target, EconoTimes said he had raised it from $515 on Oct. 20.
EconoTimes also covered a $662 target from Bernstein analyst Mark Moerdler on Oct. 19 and a $586 estimate from Guggenheim analyst John DiFucci on Oct. 21. Freedom Capital’s new figure sits between those two levels.
Price targets are analysts’ estimates for a stock, not forecasts issued by Microsoft.
