Why Microsoft Stock Just Dropped
"Thanks" to AI, Microsoft may no longer be a buy.
Why Microsoft Stock Just Dropped
Overview
Microsoft (NASDAQ: MSFT) stock slipped 2.5% through 2:25 p.m. ET Thursday after Stifel analyst Brad Reback lowered his price target on the tech stock this morning, and maintained only a "hold" rating.
Reback thinks Microsoft stock is worth $400 a share -- and it costs less than $357 as of this writing -- but that's still not cheap enough to convince Reback to rate it a "buy."
Image source: Microsoft.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
