There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Microsoft (MSFT – Research Report) and Grab (GRAB – Research Report) with bullish sentiments.
Microsoft (MSFT)
Evercore ISI analyst Kirk Materne maintained a Buy rating on Microsoft yesterday and set a price target of $370.00. The company’s shares closed last Wednesday at $296.71.
According to TipRanks.com, Materne is a 5-star analyst with an average return of 14.4% and a 63.4% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Qualtrics International, and Samsara, Inc. Class A.
Currently, the analyst consensus on Microsoft is a Strong Buy with an average price target of $374.42, representing a 21.6% upside. In a report issued on January 12, BMO Capital also maintained a Buy rating on the stock with a $360.00 price target.
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Grab (GRAB)
Evercore ISI analyst Mark Mahaney maintained a Buy rating on Grab yesterday and set a price target of $10.00. The company’s shares closed last Wednesday at $5.94, close to its 52-week low of $5.17.
According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 38.7% and a 59.5% success rate. Mahaney covers the Technology sector, focusing on stocks such as Zillow Group Class A, Integral Ad Science, and Uber Technologies.
Currently, the analyst consensus on Grab is a Strong Buy with an average price target of $10.06, representing a 69.4% upside. In a report issued on January 18, Loop Capital Markets also initiated coverage with a Buy rating on the stock with a $8.00 price target.
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