Fintel reports that on September 25, 2023, Guggenheim upgraded their outlook for Microsoft (NASDAQ:MSFT) from Sell to Neutral.

Analyst Price Forecast Suggests 24.57% Upside

As of August 31, 2023, the average one-year price target for Microsoft is 394.91. The forecasts range from a low of 234.32 to a high of $462.00. The average price target represents an increase of 24.57% from its latest reported closing price of 317.01.

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The projected annual revenue for Microsoft is 244,898MM, an increase of 15.56%. The projected annual non-GAAP EPS is 11.41.

What is the Fund Sentiment?

There are 7055 funds or institutions reporting positions in Microsoft. This is an increase of 53 owner(s) or 0.76% in the last quarter. Average portfolio weight of all funds dedicated to MSFT is 3.79%, an increase of 9.21%. Total shares owned by institutions decreased in the last three months by 4.08% to 5,881,849K shares. The put/call ratio of MSFT is 0.94, indicating a bullish outlook.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 231,883K shares representing 3.12% ownership of the company. In it’s prior filing, the firm reported owning 230,422K shares, representing an increase of 0.63%. The firm increased its portfolio allocation in MSFT by 9.67% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 177,035K shares representing 2.38% ownership of the company. In it’s prior filing, the firm reported owning 173,695K shares, representing an increase of 1.89%. The firm increased its portfolio allocation in MSFT by 9.04% over the last quarter.

Price T Rowe Associates holds 159,904K shares representing 2.15% ownership of the company. In it’s prior filing, the firm reported owning 166,036K shares, representing a decrease of 3.83%. The firm increased its portfolio allocation in MSFT by 138.90% over the last quarter.

Geode Capital Management holds 148,129K shares representing 1.99% ownership of the company. In it’s prior filing, the firm reported owning 144,366K shares, representing an increase of 2.54%. The firm increased its portfolio allocation in MSFT by 9.63% over the last quarter.

Jpmorgan Chase holds 113,025K shares representing 1.52% ownership of the company. In it’s prior filing, the firm reported owning 94,618K shares, representing an increase of 16.29%. The firm increased its portfolio allocation in MSFT by 902.36% over the last quarter.

Microsoft Background Information
(This description is provided by the company.)

Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

This article originally appeared on Fintel

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