Tech giant Microsoft (NASDAQ:MSFT) has reduced its headcount by about 1,000, reports the Wall Street Journal.
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The development comes as global growth worries continue to cause jitters and, after a number of companies enacting similar moves.
What Is a Good Buy Price for MSFT?
Overall, despite a weakening business environment, analysts are Bullish on Microsoft stock with a Strong Buy consensus rating based on 27 Buys and three Holds.
Further, the average MSFT price target of $319.85 indicates a 32.83% potential upside for the stock.
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