Microsoft Estimates Lowered at Bank of America (MSFT)

Microsoft Estimates Lowered at Bank of America (MSFT)


Bank of America/Merrill Lynch reported on Tuesday that they have reduced their estimates for software company, Microsoft Corporation(MSFT).

Analysts from the firm reported that they have lowered their estimates for MSFT, giving the company a price target of $35, with a rating of “Buy.” This price target suggests a 24% increase over the stock’s current price of $26.50.

The firm has lowered estimates due to a decline in PC demand.

Microsoft shares were mostly flat during premarket trading Tuesday. The stock is up 1.81% YTD.

The Bottom Line
Shares of Microsoft (MSFT) have a 3.48% dividend yield, based on last night’s closing stock price of $26.43. The stock has technical support in the $24-$25 price area. If the shares can firm up, we see overhead resistance around the $28-$30 price levels.

Microsoft Corporation(MSFT) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today