- Analyst Andrew Sherman of TD Cowen reiterated a buy rating for Microsoft on June 4, predicting the stock could climb past $500.
- The new price target of $540 represents a potential 26% return on investment, though it is a $70 reduction from a previous $610 target.
- Sherman described the adjustment as a “pragmatic valuation calibration rather than a structural red flag” for the software giant.
The stock of Microsoft (NASDAQ: MSFT) remained range-bound near $428 on Friday as a leading analyst delivered a bullish yet tempered forecast for the tech titan. TD Cowen’s Andrew Sherman maintained his buy rating this week while projecting shares could surge above $540.
This new target suggests an approximate 26% upside for investors. Consequently, a $1,000 investment could theoretically grow to $1,260 if the prediction materializes.
However, the analyst notably lowered his outlook from a previous target of $610. He attributed this $70 haircut to broader macroeconomic pressures affecting markets.
Sherman emphasized the change was not a cause for alarm regarding Microsoft’s fundamentals. The revised $540 figure instead serves as a pragmatic safety net for investors following his buy recommendation.
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