Following what has been a monumental year for the company, Microsoft (MSFT) stock is projected to skyrocket to $550, leading many investors to ponder if now is the time to buy in on the stock. Indeed, with the target price getting a notable increase, there could be massive potential for the stock entering what should be a dominant 2025.

Shares in the company are currently a little more than 10% away from their July 2024 all-time high of $465. Yet, that price could soon be a distant memory, with experts projecting a record surge. Amid a 15% increase year to date, now may be the time to get in on the stocks’ growing potential.

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Microsoft Target Increased to $550: Is the Stock a Buy Amid Talk of Record Highs?

There are few companies with the kind of potential that Microsoft has. Although it has been a cornerstone for Wall Street investors over the last decade, things could only get more beneficial heading into next year. Indeed, few of its tech peers are as well positioned to capitalize on growing market trends as the Windows developers.

Now, that potential has leveraged Microsoft to target an all-time high price of $550, as now may be the best time for investors to buy in. Although the company has struggled to match its July highs, investors should be motivated by key factors that show its current value should be just the beginning for the company.

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A key factor for increased optimism is how the company has performed amid analyst expectations. Over the last two years, it has outperformed market analysis. The most recent market report saw revenue grow 16% year on year. Moreover, several firms have noted that MSFT is a buy, driving increased interest and expectation.

The Royal Bank of Canada, JPMorgan, and UBS Group have all given the company a buy rating in the last month. Moreover, it was Wedbush who upped their price target to a record $550. That projection is forecasting a 30% price upside for the tech company.

Although the overarching sentiment is bullish, there are reasons to be cautiously optimistic. TD Cowen proved to be the outlier, lowering their price target due to the expectation of increased capital expenditures. However, they are still targeting $475, which would be a record high for the stock. Altogether, November appears to be a prime time to buy into a stock that the market is expected to explode in the coming months.