Microsoft (MSFT) stock got a boost on Monday as previously delisted Xbox 360 games showed up on the company’s online store as “coming soon.” This has sparked interest from gamers about the potential release of these titles on the company’s next-generation video game console, or its recently launched handheld gaming PC, the ROG Xbox Ally.
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This would be exciting news for gamers, as it would open the way for games that were exclusive to the Xbox 360 to be played on PC. It also aligns with rumors that Microsoft’s next video game console will run on Windows. Additionally, Microsoft could use these relisted Xbox 360 games to build out its Xbox Game Pass subscription service, offering more value to customers.
However, there’s always the possibility that these delisted games were displayed on the store by accident. That’s happened in the past and it could leave gamers disappointed that the delisted titles don’t return to Microsoft’s storefront. Gamers will just have to wait and see if the delisted Xbox 360 games actually return to know for sure.
Microsoft Stock Movement Today
Microsoft stock was up 0.33% on Monday, extending a 23.93% year-to-date rally. The shares have also climbed 26.77% over the past 12 months. Investors will keep in mind that Microsoft isn’t mainly a game company. Instead, Xbox is one of its business divisions. Much of the stock’s gains this year are tied to the artificial intelligence (AI) boom.
Is Microsoft Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Microsoft is Strong buy, based on 33 Buy ratings over the past three months. With that comes an average MSFT stock price target of $632.78, representing a potential 21.9% upside for the shares.
