Why Microsoft (MSFT) is a Top Stock for the Long-Term
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Microsoft (MSFT)
Microsoft Corporation is one of the largest broad-based technology providers in the world. The company dominates the PC software market with more than 73% of the market share for desktop operating systems.
MSFT was added to the Zacks Focus List on February 1, 2016 at $55.09 per share. Since then, shares have increased 716.45% to $449.78.
15 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.16 to $11.77. MSFT also boasts an average earnings surprise of 7.4%.
Moreover, analysts are expecting Microsoft's earnings to grow 20% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like MSFT, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
