I know many people have written off Microsoft (MSFT) as being another tech dinosaur like IBM. They just don’t get the love and adoration of Apple. And were left out of the famed FANG acronym like other tech darlings.
However, when you truly appreciate how they have seriously changed their business strategy, with a much bigger concentration on the cloud…then you can then open your eyes to 3 straight years of non stop earnings triumphs and share price gains.
Even though shares have tripled in value over the last 4 years, most analysts see plenty of upside ahead. In fact, 5 Star analyst, Keith Weiss of Morgan Stanley, recently posted a street high target of $140. Daniel Ives of Wedbush is right there with him.
With these shares you get a steady as you go tech growth stock that is enjoying ample momentum while still being undervalued. And if that wasn’t good enough you still get an ample dividend.
So when you put it altogether you may very well want to add these shares to your portfolio. And then lobby other investors to elevate Microsoft once again into the top tier of tech companies with the new acronym MFANG 😉
Microsoft (MSFT) is not the only stock enjoying a POWR Rating of A – Strong Buy. Other top software companies also enjoy this positive rating including Oracle (ORCL), Adobe (ADBE), WorkDay (WDAY), Atlassian (TEAM) and Zendesk (ZEN).
Discover all the stocks enjoying a Strong Buy rating at https://stocknews.com/best-stocks/.
About the Author: Steve Reitmeister
Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...