Microsoft: $120, Here We Come – Barron’s

With Microsoft’s (MSFT) share price up almost 30% over the past year, and bouncing off a multi-year high, it seems like an odd time for an analyst to suggest buying the stock.

But Canaccord Genuity analysts Richard Davis and David Hynes upgraded the tech titan today from a Hold to a Buy and hiked their 12-month price target from $76 to $86 a share, arguing that even at these prices, investors are underestimating future growth.

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