[ad_1]
Shares of Microsoft Corp. MSFT edged up 0.2% in premarket trading Wednesday, after prolific Wedbush analyst Dan Ives raised his price target to $315 from $290, as his research suggests overall cloud deal flow and momentum has been positive for the Redmond, Wash.-based software giant. Ives reiterated the outperform rating he’s had on the stock for at least the past three years. The stock’s gain comes after it fell 2.3% on Tuesday to lead the Dow Jones Industrial Average’s DJIA decliners. “Clearly Microsoft’s stock has been on a tear so far in 2023 as we believe investors are starting to slowly appreciate that still less…
[ad_2]
Source link
