Microsoft stock (NASDAQ: MSFT) opened Monday’s trading at $450 after spectacularly rising 5.45% on Friday. The tech giant spiked 23.25 points, entering the movers and shakers segment of the broader markets. MSFT is now at a pivotal point and is looking to reclaim its yearly high of $481, which it reached in late January. It is only 4.80% away from breaching its yearly high, which could push its YTD into the greener side of the spectrum.
On the heels of the recent price spurt, leading global investment bank Morgan Stanley maintained its buy rating for Microsoft stock. The Managing Director of Morgan Stanley, Keith Weiss, wrote in a note to clients that MSFT could surge double-digits, delivering stellar returns to traders. This makes the equity a must-watch as the upside potential remains immense for traders. This comes as the lens on the AI sector is regaining traction among Wall Street analysts.
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Microsoft Stock New Price Prediction: Morgan Stanley’s Latest Target
Morgan Stanley predicts Microsoft stock could reach a maximum high of $650 next. That’s another $200 profit per share if traders decide to take an entry position into the software giant. The investment bank is confident that the Satya Nadella-led company will surge in the coming months, leaving behind its $450 phase. Tech stocks are rebounding in value in Q2, and those who took an entry position during their downturns now remain in profit.
According to the price prediction from Morgan Stanley, Microsoft stock could rise by another 45%. Therefore, an investment of $1,000 could turn into $1,450 if the forecast turns out to be accurate. That’s phenomenal returns, as not every asset in the market can deliver double-digit gains. Keeping MSFT on your watch list would be beneficial as the prospects of a bull run are higher. Keith Weiss is also a five-star-rated analyst with a success rate of 59.8%.
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