Morgan Stanley believes in Microsoft. Stock idea for 25/01/2024As 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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